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:
2,800Low-to Moderate-Income (LMI) |
Triggered:
$500 MillionIn Aggregate |
* 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.
 |
2017American Bankers Association's® |
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.
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.
