State housing agency’s innovative pilot homebuyer program offers up to $20,000 in...

State housing agency’s innovative pilot homebuyer program offers up to $20,000 in down payment assistance

AUSTIN, TX – July 1 30, 2011 – (RealEstateRama) — Del Valle resident Leticia Leal in May helped make state housing history when she became the first homebuyer assisted through an innovative pilot program offered by the Texas Department of Housing and Community Affairs (TDHCA). The new program provides up to $20,000 in down payment and closing cost assistance in conjunction with a mortgage loan originated through a conventional lender.

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The Texas Department of Housing and Community Affairs (TDHCA) is the state agency responsible for affordable housing, community services, energy assistance, and colonia housing programs. The Department annually administers more than $400 million through for-profit, nonprofit, and local government partnerships to deliver local housing and community-based opportunities and assistance to Texans in need.

Contact:

221 East 11th Street
Austin, Texas 78701

Direct Dial - (512) 475-2200
Toll Free - (800) 500-7074
Fax - (512) 475-1109

Media contact:
Gordon Anderson/512.475.4743
Jill McFarren/512.475.2844

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