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Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities

TDHCA Press Room

REA: Making complex choices easier

Each year, TDHCA commits millions of dollars to finance the new construction or major rehabilitation of affordable housing units across the state.

The Department approaches this important task much like a private sector financier, making certain that all materials submitted by applicants in programs such as the Housing Tax Credit, multifamily HOME, and Neighborhood Stabilization meet rigorous state and federal guidelines and that the investment of these funds makes sense in the long term.

This complex and challenging task is made a little easier through the expertise of the Real Estate Analysis (REA) Division.

REA provides TDHCA staff and its Governing Board with comprehensive analytical reports designed to help them make informed decisions.

As part of its underwriting responsibilities, REA evaluates development cost estimates, market analyses, appraisals, environmental site assessments, property condition assessments, direct loan requirements and a host of other factors.

The division evaluates the strengths and weaknesses of each application and the impact of a property upon existing developments within a given market area, ultimately making a recommendation regarding a specific financing structure.

REA, through its reviews, ensures an efficient allocation of the Department's funding – making sure it allocates only the minimum amount required – as well as the financial feasibility and long-term health of the properties it helps finance.

Texans should know that their state housing agency awards each dollar with a high degree of confidence. The Real Estate Analysis Division makes it easier to do so.

News Releases

News releases are developed by the Communications and Marketing section of the Division of Policy and Public Affairs to publicize TDHCA program activities. These include application funding cycles, program grant awards, special events, board activities, and other relevant information.

Date Headline
10/15/2014 State housing agency expands affordable rental market in Copperas Cove with award
07/31/2014 State housing agency allocates $60.1 million in tax credits; financing tool to create 5,400 units of affordable housing
07/31/2014 State housing agency funds new service providers to fight poverty in Aransas, Refugio counties
07/31/2014 State housing agency funds new service providers to fight poverty in Bee, Kenedy and Kleberg counties
07/31/2014 State housing agency funds new service provider to fight poverty in Live Oak, McMullen counties
06/26/2014 State housing agency’s $1 million contract to help county improve living standards in five colonias (El Paso County)
06/26/2014 State housing agency’s $600,000 contract to help county improve living standards in five colonias (Val Verde County)
06/06/2014 State housing agency joins Governor Perry in saluting, promoting affordable homeownership
05/08/2014 State housing agency commits $5.7 million for major upgrades to Big Spring rental property
05/08/2014 State housing agency commits $5.1 million for major upgrades to Marshall rental property
05/08/2014 State housing agency commits $2.3 million loan toward major upgrades to Victoria rental property
04/10/2014 State housing agency moves to restore key energy assistance program to nine southwest Texas counties
01/27/2014 State housing agency’s $37 million funding package to expand Fort Worth’s affordable rental market
01/27/2014 State housing agency’s $969,000 in housing tax credits to increase affordable rental options in Brownsville