Organizations eligible to apply are auxiliary mortgage loan activity companies registered with the Department under Texas Finance Code Chapter 156; other non-profit organizations (including governmental organizations); and for-profit entities. If the organization is a for-profit entity, the program must have a statewide impact.
The MGF awards may be for amounts from $5,000 to $100,000 and are awarded on a reimbursement basis over the grant cycle.
Funds may be used only for expenditures identified in the application, authorized by the “Texas Grant Management Standards” set by Texas’ Comptroller of Public Accounts, and allowable under Section VI of the Mortgage Grant Administration Manual.
Department of Savings and Mortgage Lending
Hector Retta, Commissioner
2601 N. Lamar, Suite 201,
Austin, TX 78705