State housing agency makes $190,000 investment in southeast Texas through homebuyer assistance

AUSTIN, TX – May 10, 2011 – (RealEstateRama) — The Texas Department of Housing and Community Affairs (TDHCA) today announced a $190,2651 award to a Houston-based nonprofit housing finance agency assisting eligible residents in eight southeast Texas counties and 11 cities purchasing a home of their own, providing greater stability to area low income families and a shot in the arm to the local economy.TDHCA made the award through its HOME Investment Partnerships (HOME) Program to the Southeast Texas Housing Finance Corporation (SETHFC), which the organization will use to provide nine households with down payment and closing cost assistance and helping them achieve the American Dream of homeownership.