New Homes For Acres Homes

HCD is partnering with the Houston Land Bank (HLB) to develop decent, safe, and affordable homes through our New Home Development Program (NHDP). DSW and Mayberry Homes will be constructing homes in the neighborhood. More information on the builder and their plans can be found below.

Through the NHDP, families will be able to receive up to a $50,000 subsidy to assist with down payment assistance, subsidized interest rates, reasonable closing costs, and mortgage principal reduction.

About Acres Homes

The community is located in northwest Houston and is accessible via seven major thoroughfares: T.C. Jester, West Little York, West Gulf Bank, Pinemont, Victory, Ella/Wheatley, and Shepherd. It is loosely bound by the Houston City limits and West Gulf Bank to the north, Pinemont to the south, North Shepherd and Veterans Memorial to the east, and Greater Inwood. Please visit the Super Neighborhood 6 – Acres Homes page to learn more. Please visit the Super Neighborhood 6 – Acres Homes page to learn more.

About The Builders


DSW is a mission-driven organization unparalleled in customer service to each respective client and community member.

DSW Builders

Established in November 2009, DSW has become a leader in the disaster recovery and affordable housing industries, specifically in federally funded grant programs.

One of our core organizational values is leading with excellence. Performing in excellence means consistency in good character, attitude, quality, and standards. Our work products are completed efficiently and effectively. We construct, repair, elevate, replace homes of all types in accordance with funding and program guidelines and ensure a high quality of living space is provided to respective community members.

We take complete ownership and pride in the relationships we build with stakeholders and ensure clear, consistent, and transparent communication before, during, and after the life of a project.

In all, DSW company owners and senior managers have over 300 years of combined experience in scattered lot design and construction. DSW has averaged over 1,200 scattered lot rehabilitations and new construction projects per year.

Based on our extensive experience in the construction industry, DSW is prepared to provide needed recovery services, and we are confident that our approach and methodology will generate program success. Our project management methods have been highly refined with the utmost concern for each community we interact with. We are familiar with federally-funded reporting and project controls and have consistently delivered quality repairs.

DSW is an expert in scattered site construction and subdivision development. We have systems in place to enable construction to be widespread but still provide the essential quality and speed needed to conserve resources and use public funds judiciously.

DSW Floorplan
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Mayberry Homes, Inc.

Mayberry Homes, Inc. has been committed for many years to revitalizing the heart of Houston, one home at a time.

Mayberry Homes, Inc

We focus on making home ownership a reality for all individuals by providing quality new homes at an exceptional value to our clients. Therefore, our goal is to reach out to low and moderate income families in the community. We share in the City’s effort to remove blight in the surrounding neighborhoods in which we were raised and continue to live.

Through your vision and our expertise, allow Mayberry Homes to become the builder of your choice in conceptualize your dream home.

Mayberry Homes Floorplan
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About the New Home Development Program

Key Facts


HCD aims to provide newly constructed, affordable single-family homes for Low-Moderate Income Homebuyers.


Properties are located in Acres Home, Settegast, Sunnyside, Fifth Ward, and Third Ward.


Household income must be below 80% of Area Median Income .

Frequently Asked Questions - Applicants

Q: How do I buy a home? -

A: If you see a NHDP home you are interested in, please contact the Houston Land Bank for assistance. They can be contacted by phone at 281-655-4600 or by email at

Q: Is there an affordability period or secondary lien on the home? -

A: You must reside in the home as your primary residence. Depending on the amount of subsidy you receive, the affordability period fluctuates (see chart below). There will be a lien placed on the property to secure the NHDP Loan.

Amount of Assistance Length of Lien Annual Reduction Rate*
Less than $20,000 2.5 Years 40%
$20,001 - $40,000 5 Years 20%
$40,001 - $50,000 10 Years 10%
$50,001 and above 15 Years 6.67%

Q: How much subsidy can I recieve? -

A: You could receive up to $50,000 in subsidy, based on your household financial need.

Q: Is there a maximum amount of liquid assets I can have? -

A: You must have less than $30,000 in liquid assets at the time of eligibility determination and at closing.

Q: Do I have to be a U.S. Citizen? -

A: The Applicant, Co-Applicant, and Spouse must be U.S. Citizens or a permanent resident.

Q: Can I purchase a NHDP home if I have previously owned a home? -

A: You must be a first-time homebuyer to participate in this program.

Q: How long does the process take? -

A: The eligibility process can take up to six weeks, provided there are no external delays. Please note that the six weeks are measured from the time the applicant submits a complete application. We cannot begin work on an incomplete application.

Q: What if I must sell my home or move out before my affordability period is over? -

A: In these cases, the City will collect a portion of the investment made, proportional to the amount of time remaining in the residency period. To begin this process, please submit this Payoff Statement Request form to

Q: Are there any fees associated with the program? -

A: The buyer must contribute a minimum of $350 towards the transaction, which could be the inspection, down payment, appraisal, etc., but no fees are paid to the City of Houston. If someone tells you that there are participation fees, please report them for fraud .

Q: Are credit reports required for all household adults? -

A: No. All household income must be reported, but only the loan applicant’s credit is reviewed during underwriting.

Q: Is there a credit score requirement? -

A: No, the Homebuyer Assistance Program does not consider credit score.

Q: What can the assistance provided be used for? -

A: The assistance CAN be used for:

  • Down-payment
  • Pre-paid items (homeowner’s insurance, mortgage interest, property taxes, etc.)
  • Subsidize mortgage interest rate
  • Reduce principal amount of first mortgage payment
  • Reasonable closing costs

The assistance CANNOT be used for:

  • Realtor’s commissions

Q: What if I need to refinance my home? -

A: If your mortgage information changes, you will need to share the new information with our department. Please submit this Subordination Agreement Request to

FAQs - Real Estate and Lending Professionals

Q: Does this program follow FHA guidelines? -

A: No. The Single Family Eligibility sets and follows its own internal guidelines. Our underwriting includes calculating debt-to-income ratio, ensuring that there are no outstanding collections for government services or utilities, and verifying that there are no defaulted student loans.

Q: Is there a mandatory training that lenders and realtors must take to participate in the program? -

A: No. Any lenders and realtors may participate. However, we do encourage realtors and lenders to view our workshop replay video on YouTube for additional information and to gain knowledge of the program.

Q: Who is the loan servicer? -

A: HCD’s programs are serviced internally with our Loan Servicing Division. The loan is not amortized; however, there is a 6% fee applied to the defaulted loan balance.

Q: Can the program funds be used to pay realtor commissions? -

A: No, the funds are strictly for down payment, closing costs, pre-paid items, and principal reduction. Should the buyer choose to pay a realtor commission, they will have to do so from their personal funds.