Legislative Requirement
Efficiency Audit of the Texas State Affordable Housing Corporation
August 2026
Overview
The Texas State Affordable Housing Corporation (Corporation) directs most of its financial resources to its programs, with more than 90 percent of its spending in fiscal years 2022 through 2025 dedicated to its programs for assisting low- and moderate-income earners with housing (70 percent or higher is a key efficiency benchmark for nonprofits).
While the Corporation is highly efficient in its ratio of funds spent on programs versus other expenses, it has opportunities to improve the efficiency of certain operational processes by:
- Periodically re-evaluating its budget expectations to more quickly identify and shift funds among its affordable housing programs.
- Strengthening its collaboration and communication with the Texas Department of Housing and Community Affairs (TDHCA).
- Continuing to automate its multifamily property review process.
In addition, adopting written succession plans for all key management roles may help the Corporation minimize disruptions during turnover of those positions. Auditors did not identify misalignment between the Corporation's strategic plan and use of resources and its statutory authority and mission.
