The Texas Department of Housing and Community Affairs recently entered into a $12 million syndicated loan agreement with Woodforest National Bank, 托尔森私人银行, 和汉考克·惠特尼.

“Through this syndicated loan, the TDHCA will be able to make homeownership possible for over 2,000 new first-time homebuyers,” says Woodforest National Bank Executive Vice President Doug Schaeffer.

“The lower rate on the $12 million loan to the TDHCA will enable over $350 million of lower-income first mortgages to be originated. These more affordable mortgages alleviate a portion of homeownership cost burden and create substantial economic impact in communities,谢弗说.

These funds are in addition to the 2016 $10 million loan agreement with Woodforest National Bank that helped create over 1,500 new homeowners throughout Texas. It was the first public-private partnership in single-family housing finance.

Learn more about TDHCA’s programs at myfirsttexashome.org.