The Tomball City Council voted unanimously on Aug. 25 to approve Resolution No. 2025‑37 supporting a private activity bond allocation for the Southeast Texas Housing Finance Corporation (SETH). The resolution authorizes the local action required to allow the nonprofit housing conduit to use private‑activity bond authority to support affordable housing activities that can serve Tomball residents.
Rhonda Mitchell, SETH director of housing programs, gave a presentation describing SETH’s single‑family homebuyer assistance, down‑payment and closing‑cost programs, and its mortgage credit certificate (MCC) product. Mitchell said SETH’s programs do not require repayment by homebuyers and that the organization provides homebuyer education. She told council that SETH’s MCC yields a federal refundable tax credit equal to up to 20% of annual mortgage interest paid and that SETH offers a $2,500 grant for borrowers who use the MCC; she said SETH’s program is provided free to homebuyers and lenders.
Mitchell also provided local statistics: for SETH‑assisted purchases in Tomball over the prior 12 months, she reported an average sales price of $327,000 and an average family income of about $105,300. She said SETH’s income limits for Tomball were generous, with a maximum household income of $142,800 for program eligibility.
Council members thanked SETH for its programs and voted 5–0 to approve the resolution, noting the programs as additional tools to support homeownership in the community. Council did not attach conditions to the resolution; staff said additional program details and application steps are available through SETH.