New Home Development Program
The City of Houston, in partnership with the Houston Land Bank, has created the New Home Development Program. This program utilizes properties obtained through tax foreclosures to construct new single-family homes in Acres Homes, Settegast, Sunnyside, Denver Harbor, Fifth Ward, Third Ward, and Independence Heights communities in Houston. The City provides up to $50,000 in subsidy through this program based on the applicant's financial need. In this effort, we are investing in neighborhoods to create sound infrastructure and to improve the quality of life for the families in the community.
Do I qualify?
A homebuyer must:
- Be a U.S. citizen or permanent resident. (This includes the co-applicant, and spouse)
- Have a household income at or below 80% of Area Median Income (Español)
- Be willing to live in the home as a primary residence for an affordability period
- Complete an 8-hour Homebuyer Education Course
- Be able to obtain a 30-year fixed-rate mortgage for the home
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 info@houstonlandbank.org.
New Home Development Program Lots
Acres Homes
HCD is partnering with the Houston Land Bank (HLB) to develop decent, safe, affordable homes through our New Home Development Program (NHDP). DSW and Mayberry Homes will be the builders constructing homes in the Acres Homes neighborhood.
Through the NHDP, families will receive up to a $50,000 subsidy for down payment assistance, subsidized interest rates, reasonable closing costs, and mortgage principal reduction.
Fifth Ward
HCD is partnering with the Houston Land Bank (HLB) to develop decent, safe, affordable homes through our New Home Development Program (NHDP). Currently, Mayberry Homes will be the builder constructing homes in the Fifth Ward neighborhood.
Through the New Home Development Program (NHDP), families can receive up to a $50,000 subsidy to assist with down payment assistance, subsidized interest rates, reasonable closing costs, and mortgage principal reduction.
Settegast
HCD is partnering with the Houston Land Bank (HLB) to develop decent, safe, affordable homes through our New Home Development Program (NHDP). DSW and Mayberry Homes will be the builders constructing homes in the Settegast neighborhood.
Through the NHDP, families will receive up to a $50,000 subsidy for down payment assistance, subsidized interest rates, reasonable closing costs, and mortgage principal reduction.
Sunnyside
HCD is partnering with the Houston Land Bank (HLB) to develop decent, safe, affordable homes through our New Home Development Program (NHDP). DSW and Mayberry Homes will be the builders constructing homes in the Sunnyside neighborhood.
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.
Realtors & Lenders
Sign-up to receive program updates and training for eligibility criteria to refer your homebuyers to our programs!
