arrangements, prioritizing decent housing for farm workers,
providing solutions to gentrification, and aiding our most
impoverished communities. Housing advocates raised
media awareness and forged stronger relationships between
grassroots housing allies across the state. The commitment
demonstrated by Texas housers was critical to this session’s
victories and a promising indicator for future efforts.
In this newsletter are the major accomplishments this session.
The 79th session of the Texas Legislature has come to a
close—a legislative session producing solid progress for
housing and the rights of housing consumers. TxLIHIS
worked with key legislators to advocate better housing
policy, and to speak out for the rights of low-income Texas
families living in poverty.
The Legislature advanced housing and consumer rights
on many fronts: curbing predatory home financing
Housing, consumer rights
fare well in TX Legislature
Anewsletter dedicated to the goal that every Texan should have decent, safe, affordable housing
TEXAS LOW INCOME HOUSING INFORMATION SERVICE
Contracts for deed
A contract for deed is a frequently misused
home sales practice that preys on low-income
buyers who lack the credit, income or other
financial resources to qualify for a bank loan.
A contract for deed differs from a traditional
home purchase in that instead of giving the home
buyer a deed, the seller keeps the deed in his
name until the buyer makes the final payment.
What seems to be fair and reasonable often is not.
When entered into by a knowledgeable and sophisticated
buyer purchasing commercial property or undeveloped
land, a contract for deed can benefit both the seller and
the owner. But when an unsophisticated low-income
buyer signs a contract for deed to buy a home, trouble
often follows for both the home buyer and the public.
Under a cold September sky, barefoot children play in
the muddy street between their small, crowded cinder
block homes. Peering from behind their mother’s