Apply for Home Repair Programs below with this application:
Architectural Barrier Removal Program
Private Lateral Program
Homeowner Rehabilitation Loan Program
Housing Developer Assistance
Housing Developer Assistance programs offer assistance to for- and non-profit developers to create affordable housing. Community input and data analysis affirms the need for more rental and homeownership housing for low- and moderate-income households in Austin.
The most significant way the City creates this housing is through gap financing to housing developers to create new opportunities for affordable housing; preserve existing units as well as revitalize existing communities with resources dedicated for affordable housing initiatives.
The city continues to explore and use numerous funding and regulatory tools available to assist in the creation of these units. This includes not only using federal funding sources, such as the Community Development Block Grant and HOME, but also issuing tax-exempt bonds as well as the approval of $120 million in General Obligation Bonds approved by the Austin voters since 2006.
The City also encourages creation of affordable housing through incentives, such as fee waivers, expedited review of projects, and density and height bonuses, for developers to build a portion of their market rate projects as affordable.
Links to blank application forms and scoring criteria for both Rental Housing Development Assistance funds and Acquisition and Development (homeownership project) funds are provided below as well as the Program Guidelines for each.
With the tightening credit market and the vulnerability of low-income and minority households to sub-prime loans and loan denials, Austin continues to prioritize assistance to renters who wish to become homebuyers. Homebuyer counseling for current renters provides education on the steps necessary to purchase a home and protection from sub-prime mortgages and foreclosure. In addition, the City provides foreclosure prevention counseling to current homeowners at risk of losing their homes.
Homeownership is closer than you think. The Down Payment Assistance program covers the down payment in a deferred 0% interest loan for eligible “first-time homebuyers.” Homebuyers applying for down payment assistance must contact a participating lender to complete the program application.
Administering programs that allow homeowners to stay in their homes provides many benefits for the Austin community. Homeowner Assistance provides services for low and moderate-income individuals who own their homes, but need assistance to make them safe, functional, and/or accessible.
Rehabilitation and repair programs decrease the need to create additional affordable housing that may have been required if the household was unable to stay in their home. Assistance provided includes emergency home repairs, substantial home rehabilitation, architectural barrier removal for the disabled and elderly, and funding the necessary materials for home repairs provided through local volunteer programs. These services not only help current low-income homeowners, but also improve the available stock of housing in the community. These programs also counteract gentrification by allowing current homeowners to stay in their homes, instead of selling or moving because they can not afford to make the necessary repairs or improvements.
General Obligation Bond Home Repair Program (GO Repair!)
The City developed a program expanding its home repair services for homeowners to address home repairs that pose health and safety concerns for low to moderate-income residents. NHCD contracts with non-profit organizations to provide this service. View here for more information.