Department awards $14.8 million in rural home repair, homebuyer funds
TDHCA recently awarded $14.8 million to 52 rural cities, counties, and nonprofit housing organizations to help repair or replace 249 deteriorating homes owned and lived in by low income households.
The awards will also help assist 12 qualifying first time homebuyer with down payment and closing cost assistance.
The funds were released through the Department's 2007 HOME Program Single Family awards. The US Department of Housing and Urban Development (HUD) is the funding source for TDHCA’s HOME Program. To benefit from these funds, households must earn no more than 80 percent of the area median family income.
Most of Texas' larger city and county governments receive HOME Program funding directly from HUD. TDHCA receives a statewide block grant of HOME funds for rural areas of the state that do not receive such funding directly from the federal government.