HOMEBUYER EQUITY LEVERAGE PARTNERSHIP
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LOUISIANA HOUSING AUTHORITY DOWN PAYMENT ASSISTANCE
The prospective homeowner must also meet income and purchase price limits. Income limits vary with the number of persons in the household and by parish. Purchase price limits vary according to the number of units in the property and if it is located in a targeted or non-targeted area. Also, the home buyer must use the house as his/her principal place of residence.
JEFFERSON PARISH DOWN PAYMENT ASSISTANCE
Eligible participants must complete a preliminary application with supporting documentation. Eligible participants include households that have not owned a home during the past three years. The annual maximum allowable household income limits based on family size, as follows. For example, the annual income of a family of four cannot exceed $48,900.
1 – $34,250 2 – $39,150 3 – $44,050 4 – $48,900
5 – $52,850 6 – $56,750 7 – $60,650 8 – $64,550
Applicants are required to attend two classes and must present an acceptable certificate of training completion. Applicants are required to provide a $1,500 down payment contribution on their home purchase at closing.
ST BERNARD PARISH DOWN PAYMENT ASSISTANCE
Income Limits will be adjusted annually according to HUD MSA publications.
Household Size Income Limit
1 – $51,360 2 – $58,800 3 – $66,120 4 – $73,440
5 – $79,320 6 – $85,200 7 – $91,080 8 – $96,960
Home buyer must have a minimum investment of 1% of Purchase Price or $1,000, whichever is greater.
CITY OF SHREVEPORT DOWN PAYMENT ASSISTANCE
Basic Criteria & Eligibility Requirements
Income of up to 80% of the area median income.
First-time home buyer/existing homeowner.
Property must be in the corporate limits of the City of Shreveport.
In order to first participate in the Program, first-time home buyers must meet certain income, location and purchase price requirements for the loan, purchase a home and obtain a mortgage loan through one of our participating lenders. The property must be within the five parishes of Imperial Calcasieu. The program allows up to $2000 in annual dollar for dollar tax credit much like the Earned Income Tax Credit works for the life of the loan.
A borrowing family’s current annualized gross monthly income must not exceed certain limits. The Maximum income limits of the program are as follows (subject to change):
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Maximum Income Limits
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| Calcasieu & Cameron Parish | ||
| Family Size | Non-Targeted | Targeted |
| 1-2 | $61,600 | $73,920 |
| 3+ | $70,840 | $86,240 |
| Allen, Beauregard & Jefferson Davis Parish | ||
| Family Size | Non-Targeted | Targeted |
| 1-2 | $55,000 | $66,000 |
| 3+ | $63,250 | $77,000 |
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Maximum Purchase Price Limits
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| Non-Targeted | Targeted | |
| All Housing | 247,032 | 301,929 |
ENERGY TAX CREDITS YOU MIGHT QUALIFY FOR
[youtube]http://www.youtube.com/watch?v=e4nvtstS6JQ&feature=player_embedded[/youtube]
FACT SHEET: UP TO $8000 HOMESTAR ENERGY EFFICIENCY RETROFIT PROGRAM
$12500 LOUISIANA TAX CREDIT FOR SOLAR AND WIND ENERGY SYSTEMS
$3000 LOUISIANA HOME ENERGY REBATE OPTION (HERO)
$500 FED TAX CREDITS FOR E E BIOMASS STOVES, HVAC, INSULATION, ROOFING AND WATER HEATERS
$2000 FED TAX CREDITS FOR GOING GREEN WITH SOLAR WATER HEATING EQUIPMENT OR SOLAR PANELS
ENTERGY – NEW ORLEANS RESIDENTIAL ENERGY EFFICIENCY PROGRAM
Checkout Our Distressed Home Buying Slides
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SHORT SALES & FHA 203K OR FNMA HOMESTYLE
