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1999-08-23 Regular Meeting
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1999-08-23 Regular Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
8/23/1999
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<br />e e <br />SOUTHEAST TEXAS HOUSING FINANCE CORPORATIO~ <br />12621 Featherw~od. Sqi~~ 280: Houston,.TX 77034 <br />Telephone- (281) 48.4-4663 Fax ("281) 4&4-1971 <br /> <br />. ... . <br />.".- ",- <br />" <br /> <br />Harris County <br />HOME PROGRAM <br />NEW CONSTRUCTION I REVITALIZATION <br /> <br />The Southeast Texas Housing Finance Corporation (SETH) has received grant funds made available by the Harris <br />County Community Development Agency (HCCDA) from the U.S. Department of Housing & Urban Development <br />(HUD) through the Home Investment Partnership ("HOME-) Program. These funds will be available to home <br />buyers in an amount not to exceed Sl 0.000 per family to assist in the down payment and closing costs associated <br />with the acquisition of newly constructed affordable housing within the cities of Tomball, Deer Park, La Porte and <br />Shoreacres, Texas. <br /> <br />REQUIREMENTS: <br /> <br />. <br /> <br />The initial purchase price must not exceed Sll 5,200 <br />The home must be new construction and be located in one of the above referenced cities <br />Buyer(s) must be able to qualify and obtain a Mortgage Loan <br />The home must remain the principal place of residence of the buyer(s) for at least five years <br />Buyer(s) family gross income cannot exceed the following amounts by family size: <br /> <br />. <br /> <br />. <br />. <br /> <br />. <br /> <br />Family size: <br /> <br />1 <br /> <br />.2 <br /> <br />.1 <br /> <br />~ <br /> <br />.i <br /> <br />~ <br /> <br />1 <br /> <br />.8 <br /> <br />Income: <br /> <br />$30,300 $34,600 $38,950 $43,300 $46,750 $50,200 $53,650 $57,150 <br /> <br />. <br /> <br />The housing must meet minimum Housing Quality Standards (HQS). all applicable local <br />codes, ordinances. zoning ordinances. and the cost-effective energy conservation and <br />effectiveness standards as outlined by HUD. <br /> <br />* <br /> <br />The property site must be approyed by the program administrator to comply with <br />program intent. <br /> <br />For more information or to obtain a program application. contact the Single Family Programs <br />Administrator at SETH or call (281)-A84-4663extension 27. <br />
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