If you or someone you know is in need of assistance, please visit our Help for Texans Page.
Program Details/Overview
The Homebuyer assistance with new construction (HANC) program is funded through the U.S. Department of Housing and Urban Development’s (HUD) HOME Investment Partnerships Program (HOME Program or HOME). HANC funds organizations to provide mortgage financing to low-income homebuyers for the following activities:
- Acquisition and New Construction of site-built housing;
- Acquisition and placement of a new Manufactured Housing Unit (MHU);
- Construction of Single Family Housing (including placement of an MHU) on a site already owned by the homebuyer.
Funds are provided to the homebuyer as a fixed-rate loan with a term of 15-30 years. Interest may be as low as zero percent
Programs
TDHCA contracts with units of general local governments, public housing authorities, local mental health authorities, and nonprofit entities that provide affordable housing to lower income families in their local communities. Applicants must be familiar with Program rules and Regulations.
This link is intended for Subrecipients with an active HANC Reservation Agreement.
Program Beneficiaries must have a household income that does not exceed 80% of Area Median Family Income (AMFI) who are seeking assistance in buying a home.
The HANC program is not available in all areas of Texas. If you are a household or individual looking for assistance with purchasing a home, please visit our Help For Texans page. Select “Help Me Buy a Home.” and enter your city or county to find a local HANC provider as well as other homebuyer assistance programs.