Homebuyer Assistance with New Construction (HANC) Program-->
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:
- Acquisition and New Construction of site-built housing;
- Acquisition and placement of a new Manufactured Housing Unit (MHU);
- Construction of Single Family Housing (including placement of an MHU) on a site already owned 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.
- Reservation Summary
- Rules and Regulations
- Technical Assistance
- Funding Request Application Materials
- Administrative Forms