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Affordable Housing Affordable Housing

Affordable Housing

Partnering with organizations who promote homeownership as a wealth-building opportunity in the communities we serve. 

Expanding Access to Affordable, Quality Housing


Woodforest, while not a mortgage originator, expands access to affordable, quality housing by creating strong community partnerships with organizations who promote homeownership as a wealth-building opportunity in the communities we serve. We lend and invest in a variety of non-profit and government organizations that have expertise in financing and development of affordable housing for low- and moderate-income residents. Further, Woodforest's strong network of retail branches not only volunteers thousands of hours per year to provide financial education to potential home buyers, but also serves on the boards and committees of many local affordable housing organizations.

Wealth Building Through Homeownership


Beginning in 2016 Woodforest entered into a public-private partnership with the Texas Department of Housing and Community Affairs (TDHCA).

Since 2016, Woodforest has provided:*



Enabled Over:

House

2,800

Low-to Moderate-Income (LMI)
First-Time Text Home-Buyers

Triggered:

Dollar bill with lines underneath

$500 Million

In Aggregate
Mortgage Lending

* Information accurate as of 9/1/2020

This down payment assistance capital helped drive residents' overall mortgage costs to below-market rates, thus making affordable housing more affordable, while ensuring safe and decent housing for thousands of Texas residents. Woodforest is proud to have been the driving force to ensure our limited capital directly drove results, helped create more affordable financing, and helped first-time LMI Texans become homeowners.

 

Award ribbon with a star

2017American Bankers Association's®
Community Commitment Award

View More Awards

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Partnering with
NeighborWorks® America

In addition to our partnership with TDHCA for down payment and closing cost assistance, Woodforest teamed up with NeighborWorks America to offer housing counseling training for HUD approved housing counseling organizations. This includes organizations that needed to comply with Dodd-Frank requirements whereby all housing counselors needed to become certified. Woodforest hosted three training sessions (Chicago, Houston, and Washington D.C.) and provided scholarships to over 98 housing counselors from across our 17-state footprint.

The 2016 - 2017 Impact of Our Partnership with
TDHCA's My First Texas Home Program

 

Investing in Community Solutions, Inc.


Woodforest National Bank is excited to invest in the Community Solutions, Inc. Large Cities Housing Fund which creates apartment homes for individuals exiting homelessness including veterans who served our nation. Read the full press release from Community Solutions, Inc. here. 

Affordable Housing Contacts

Woodforest urges and invites other financial institutions to join us in addressing the ongoing and urgent need for down payment and closing cost assistance.

Reach out to one of the below contacts for more information.

Doug Schaeffer

EVP and CRA Executive Director

dschaeffer@woodforest.com

Daniel Galindo

SVP, Director of Community Development and Strategy

dgalindo@woodforest.com

Affordable Housing Affordable Housing

There's a Woodforest Near You!

Locate the branch nearest you and stop by today.

Additional Ways We Care

Improving Financial Health

We are committed to providing effective solutions to improve the financial health of our employees, customers, and communities.

Disaster Recovery Response

When disasters strike, as servant leaders, we are here to respond quickly to our customers and communities who need it most.

Community Partners

Woodforest is proud to work with many community partners to support our CRA and community development efforts.