Southeast Texas Housing

Southeast Texas Housing Finance Corporation (SETH) was established in 1981 to facilitate affordable housing opportunities for eligible Texans with low to moderate incomes. Functioning as a non-profit instrumentality for multiple cities and counties within Texas, SETH operates under the Texas Housing Finance Corporations Act.

SETH's primary activity involves issuing tax-exempt single-family mortgage revenue bonds and bonds for affordable multi-family housing projects. They also offer homebuyer training and manage federal housing programs, developing and administering homebuyer assistance programs using corporate funds. SETH has assisted over 30,000 Texas homebuyers, providing $160 million in down payment and closing cost assistance in the form of fixed-rate FHA, VA, USDA, or conventional mortgage products.

SETH promotes successful homeownership through their web-based homebuyer education program. Additionally, they offer a Mortgage Credit Certificate (MCC) to eligible first-time homebuyers, providing a tax credit equal to 20% of the annual mortgage interest paid. With a commitment to community needs, SETH operates under the guidance of a board of directors representing its sponsoring jurisdictions.