The Texas Association of Realtors on Tuesday announced a partnership with Fannie Mae and the Texas Department of Housing & Community Affairs that aims to help more Texans become first-time homeowners.

The three organizations are embarking on a new educational program, United Texas: Housing Initiatives That Work, which includes a major effort beginning in 2005 to train the 70,000 Realtors in Texas on how to help first-time home buyers obtain low-cost mortgage financing. A new Web portal at links Texas Realtors to information about the Texas Cares downpayment-assistance program, low-interest financing programs, such as TDHCA’s Texas First-Time Homebuyer Program, and Fannie Mae mortgage products.

According to the U.S. Census Bureau, 64.5 percent of Texas households owned their homes in 2003, compared to 68.3 percent nationally. The program aims to boost the state’s lagging home-ownership rate.

“Our 2003 National Homeownership Survey found that despite this country’s impressive home-ownership statistics, many households still lack information and confidence about the home-buying process. Gaps in affordability and credit continue,” said Maria Brewster, senior business manager for Fannie Mae. “Many Texans are relatively unaware of the many mortgage financing options available for first-time home buyers, home buyers with past credit difficulties and those with non-traditional credit.”

The Texas Department of Housing and Community Affairs is Texas’ lead agency responsible for affordable housing, community and energy assistance programs, and colonia activities. The department annually administers funds in excess of $400 million, the majority of which is derived from mortgage revenue bond financing and refinancing, federal grants, and federal tax credits.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription