NEW HOME DEVELOPMENT PROGRAM

homeownership made possible

The Houston Land Bank has partnered with the City of Houston Housing and Community Development Department to provide new affordable homes for qualified homebuyers. More information is available at www.houstontx.gov/housing/nhdp/, or see below.

AM I ELIGIBLE TO PURCHASE AN NHDP HOME?

You must have a gross household income of 80% of area median income (AMI) or less. To see the most up-to-date household income limits for this and other HLB programs, click here for a helpful chart.

    • In addition to the income requirements, to purchase an NHDP home you must agree to live in it as your principal place of residence, and meet other requirements including:
  • Complete an eight-hour certified Homebuyer Education Course through a HUD-approved counseling agency.
  • Must be a U.S. citizen or permanent resident alien.
  • Must be able to obtain a 30-year fixed-rate mortgage for the purchase price. The program does not accept adjustable-rate mortgages (ARM) or seller-financed mortgages.
  • Must have less than $30,000 in liquid assets

Remember: If you buy a home through the NHDP program, you must live in it as your principal place of residence.

For more information, contact us at 281-655-4600 or info@houstonlandbank.org.

BUYING YOUR NEW AFFORDABLE HOME THROUGH THE NEW HOME DEVELOPMENT PROGRAM

Under the Standard Purchase Option, you can purchase a NHDP home at a standard price with the help of up to $50,000 in assistance through the New Home Development Program, depending on the loan pre approval.

  • You must have a gross household income of 80% of area median income (AMI) or less. See Chart
  • You must be able to qualify for a mortgage and meet other program requirements.

To learn more about any of our new homes for sale, you can contact one of our listing brokers:

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