Housing and Community Development

Workforce Housing

The City of Houston (City) Housing and Community Development Department (HCDD) has designed Workforce Housing to provide financial assistance to low- to moderate-income homebuyers who purchase a home in the Houston HOPE areas or any area/neighborhood designated by the Mayor of Houston for revitalization.

 

  • HCDD staff will administer the Workforce Housing Downpayment Assistance Program according to the policy and procedures set forth in the administrative guidelines.
  • Funding for Workforce Housing Downpayment Assistance Program will be available through the Tax Increment Reinvestment Zone (TIRZ).
  • The Workforce Housing will provide direct financial assistance to offset portions of the downpayment, closing costs, prepaid items and principal required for home purchase.

 

Eligibility Requirements

Please read the information below to help you determine if you are a qualified applicant for the program:


  • The applicant must demonstrate the ability to obtain a mortgage loan (financial, credit worthiness, etc.)
  • The family’s combined income must be 80%–110%of the area median income.
  • All applicants must complete at least an eight-hour, in-person homebuyer education class from a HUD Approved Homebuyer Counseling Agency prior to their application being submitted to HAP. It is the responsibility of the applicant to pay all costs to enroll in a homebuyer education course. A complete list of HUD Approved Homebuyer Counseling Agency can be obtained through HUD’s web site at http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm.
  • The sales price for the property cannot exceed $150,000.
  • The applicant must purchase a newly constructed residential property. A new construction is defined as a property that is proposed, under construction, or has been completed less than a year according to the Certificate of Compliance.
  • The property must be located in Houston Hope / Revitalization (map) (.pdf, updated 07.17.2009) areas or any area/neighborhood designated by the Mayor of Houston for revitalization.
  • HCDD Inspection Services Section is required to conduct an independent physical inspection on the property. Despite the HCDD’s inspector completing a physical inspection of the property, it is highly encouraged that the potential homebuyer gets his/her own Texas Real Estate Commission (TREC) inspection.
  • The applicant must invest at least $500 into the home buying transaction (i.e. earnest money, appraisal, etc.)
  • The applicant must live in the home for 10 years for assistance to be forgiven.

 

 

 

Applicant(s) combined gross annual household income must be at or below the amounts listed in the Household Income Limits to qualify for HAP funds. The amount of the assistance is up to $30,000 for all families whose income is up to 110% of the area median income.

 

 

2014 Household Income Limits
Family Size
110 % of Houston's
Median Income
1
$51,370
2
$58,630
3
$66,000
4
$73,260
5
$79,200
6
$85,030
7
$90,860
8
$96,800
   

 

 

For further information on Workforce Housing, please call 713.522.HOME (4663).