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

Homebuyer Assistance with New Construction (HANC) Program

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Overview

The Homebuyer assistance with new construction (HANC) program funds units of general local governments, public housing authorities, local mental health authorities, and nonprofits to provide mortgage financing to low-income homebuyers for the following activities:

  1. Acquisition and/or New Construction of site-built housing;
  2. Acquisition and/or placement of a new Manufactured Housing Unit (MHU);
  3. Acquisition and/or Rehabilitation of housing to be occupied by the homebuyer.

Funds are provided to the homebuyer as a fixed-rate loan with a term of 15-30 years. Interest may be as low as zero percent.

Program Resources