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

Homebuyer Assistance with New Construction (HANC) Program

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