Sunday, April 3, 2011

Tarrant County: Homebuyer Financial Assistance for First Time Homebuyers


As a leader in the effort to make quality, affordable housing accessible to all, Tarrant County Housing Partnership administers a number of programs that provide down payment, closing cost or principle reduction assistance for low and moderate income individuals and families.

Each program varies: in some instances, assistance is only available for specific properties, in other instances, assistance is open to homebuyers in specific communities. A brief overview of each program’s key components and eligibility requirements follows.

Important note: You must at least attend a TCHP Orientation Class in order to be considered for assistance. Attending TCHP’s other homeowner classes is strongly encouraged, and in some instances, may be required in order to receive your funding. Your counselor can provide additional information. View a class schedule.

Arlington Homebuyer Assistance Program (AHAP)

• For first-time homebuyers purchasing a home in Arlington only.

• This program provides up to $7,500 in down payment/closing cost assistance. Up to $10,000 of assistance is available for qualified Social Security Income recipents OR for purchase of properties located in the NSRA target area.

• The home purchased must meet minimum property standards.

Development Corporation of Tarrant County (DCTC)

• This program provides up to $14,999 in down payment/closing cost assistance and principle reduction for first-time homebuyers who are purchasing DCTC-owned properties, which are located throughout Tarrant County.

To learn more about these programs, contact Jenny or visit http://www.tchp.net/programs_services/financialassistance.html

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