HLB Traditional Homebuyer Program

Formerly known as the LARA Program, the traditional homebuyer program is tailored for households with a gross income below 120% of the area median income (AMI). Here are the key details:

1. Income Eligibility: To qualify, your household income must fall below 120% of the AMI. This ensures that the program remains accessible to moderate-income families seeking homeownership opportunities.

2. Residency Requirement: Buyers must commit to occupying the purchased home as their primary residence, fostering stable communities and neighborhood engagement.

3. Income Verification: Applicants must undergo income qualification procedures with The City of Houston, ensuring compliance with program guidelines.

4. Assistance Availability: While assistance may not be available for this program, the sales prices are typically reduced, making homeownership more affordable for qualified buyers.

If you're considering this program, it's essential to understand its eligibility criteria and benefits. While direct financial assistance may not be provided, the reduced sales prices can still offer significant savings. Reach out to the program administrators for further details and to determine if this program aligns with your homeownership goals.

Your Texas Affordable Housing Specialist