Final answer:
The agency that channels below-market interest rate mortgage money through participating Texas lending institutions to very-low-income to moderate-income persons and families in Texas is the Texas Department of Housing and Community Affairs (TDHCA). TDHCA offers various programs and initiatives to assist low to moderate-income individuals and families in achieving homeownership.
Step-by-step explanation:
The agency that channels below-market interest rate mortgage money through participating Texas lending institutions to very-low-income to moderate-income persons and families who are Texas residents and purchasing their first home or who have not owned a home in the past three years is the Texas Department of Housing and Community Affairs (TDHCA).
TDHCA offers various programs and initiatives to assist low to moderate-income individuals and families in achieving homeownership, such as the Texas First Time Homebuyer Program and the My First Texas Home Program. These programs provide down payment assistance, low-interest rate loans, and other incentives to make homeownership more affordable for eligible residents.
Other agencies mentioned in the options, such as FHA, USDA, and VA, also provide housing assistance programs, but they have different eligibility criteria and target different populations.