Homebuyer Assistance Program Information

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These homes are currently UNDER CONSTRUCTION and will be sold to participants who qualify for this SPECIAL PROGRAM. Income must be 80% AMI or below based on family size

  • 4945 Desire Drive, New Orleans LA 70126             -   3 beds 2 baths    -    1205 square feet

  • 4551 Montegut Drive, New Orleans, LA 70126       -   3 beds 2 baths    -    1205 square feet

  • 4952 Desire Drive, New Orleans, LA 70126             -  3 beds 2 baths    -    1205 square fee

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  • Homebuyers may not own greater than a 50% interest in any other residential property at the time of closing.

  • Homebuyers must occupy the O-HP property as their primary residence throughout the Affordability Period.

  • The household income may not exceed 80% of the area median income (AMI). See income chart.

  • All homebuyers will be required to graduate from a HUD approved Homebuyer Education course.

  • Homebuyers must contribute a minimum of 1% of the sale price or $1500 (whichever is less) and must have liquid assets in reserve equal to 2 months of proposed household expenses after the payment of closing costs.

  • Homebuyers who qualify to receive Purchase Assistance must maintain Homeowner's Insurance and Flood Insurance for the full replacement value for the duration of the loan term.

  • Road Home Option 2 or 3 households are eligible but assistance will only fulfill "unmet need". Option 1 recipients are eligible if they met all the terms of their Road Home Covenant.

  • Other Conditions May Apply

2020 NEW ORLEANS HUD MEDIAN FAMILY INCOME 80% AMI

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SIGN UP IF YOU QUALIFY

Thanks for submitting!

We are looking for "Good Neighbors". Are you a law enforcement officer, school teacher K-12, firefighter, or EMT? If so and you meet the income restrictions, please call Betsy at 504-376-7650.

If you are already working with a REALTOR, please have your REALTOR contact Betsy Birdsong.