City of Houston Harvey Homebuyer Assistance Program (HbAP)
City of Houston Harvey Homebuyer Assistance Program (HbAP)
Program Category
Down Payment Programs
Max Amount
Up to $20,700
Agency Website
Contact Info
Call 832-393-0550 to complete an application and determine your eligibility.
Yvonne Smith Yvonne.Smith@houstontx.gov 832-393-0940
Yvonne Smith Yvonne.Smith@houstontx.gov 832-393-0940
Program Details
Buyer contribution type
$
Income calc method
First mortgage types
Freddie Mac,Freddie Mac Home Possible,Fannie Mae,Fannie Mae HomeReady,FHA 203(b),VA
First mortgage terms
Fully Amortizing,Fixed Rate,15-year,20-year,25-year,30-year
Property types
Single Family Detached, Condo, Co-Op, Townhome/PUD, Manufactured Home
Repayment triggers
Sale of the home
Change of occupancy
Default
Transfer of title
Loan Forgiveness
Fully
Program Guide
https://recovery.houstontx.gov/hbap/Guidelines:
https://houstontx.gov/housing/plans-reports/guidelines/hbap/HBAP_Guidelines_v8_0-081121.pdfLimitations
All properties must be located within property tax jurisdiction of the City of Houston.
Eligible property types: Single-family homes, duplexes, triplexes or quadraplexes, attached townhomes, condominiums or cooperative units.
Seller financing is not allowed.
Applicant must be a homeowner or renter that resided in the presidentially declared disaster area at the time of Hurricane Harvey
Homeowner/applicants must agree to a limited subrogation of any future awards related to Hurricane Harvey, to ensure duplication of benefits compliance.
Note that buyers cannot receive cash back at closing, regardless of the initial contribution made. Additional funds must go into the transaction.
Must meet one of the two (2) applicable HUD CDBG National Objectives: Low- and moderate-income (LMI) benefit or Urgent Need.
If the property is located in the 100-year floodplain, flood insurance must be obtained on the subject property prior to closing, evidenced by a declaration page, with an effective coverage date no later than 30 days after closing, and must be maintained on the property during the life of the property, regardless of transfer of ownership, in order for the property to qualify for federal assistance in the future.
Eligible property types: Single-family homes, duplexes, triplexes or quadraplexes, attached townhomes, condominiums or cooperative units.
Seller financing is not allowed.
Applicant must be a homeowner or renter that resided in the presidentially declared disaster area at the time of Hurricane Harvey
Homeowner/applicants must agree to a limited subrogation of any future awards related to Hurricane Harvey, to ensure duplication of benefits compliance.
Note that buyers cannot receive cash back at closing, regardless of the initial contribution made. Additional funds must go into the transaction.
Must meet one of the two (2) applicable HUD CDBG National Objectives: Low- and moderate-income (LMI) benefit or Urgent Need.
If the property is located in the 100-year floodplain, flood insurance must be obtained on the subject property prior to closing, evidenced by a declaration page, with an effective coverage date no later than 30 days after closing, and must be maintained on the property during the life of the property, regardless of transfer of ownership, in order for the property to qualify for federal assistance in the future.
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