Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities

TDHCA supporting homeownership with $15 million in mortgage credit certificates

Department announces "Lenders of the Year," "Loan Officer of the Year"

Understanding that homeownership is the key to creating stable families and communities, TDHCA has launched a $15 million Texas Mortgage Credit Certificate (MCC) Program that will help hundreds of low to moderate income households purchase their first home and provide an array of economic and societal benefits to the state.

The MCC Program will make buying a home more affordable by providing eligible homebuyers with a credit of up to $2,000 against the federal taxes on the interest paid on their mortgage loan. Reducing the interest payments increases the borrower's disposable income, freeing up more money to qualify for the loan or make monthly mortgage payments.

In addition to helping low to moderate income Texans buy their first home, the MCC Program will generate new construction jobs, increase the area tax base and create more cohesive, close-knit neighborhoods. For more information, please visit www.MyFirstTexasHome.com.