Dallas Homebuyer Assistance Program (DHAP)
The Dallas Homebuyer Assistance Program (DHAP) is a program that provides financial assistance to low- and moderate-income homebuyers who are looking to purchase a home within Dallas city limits. The program is in accordance with federal, state, and local laws and regulations, and its goal is to provide homeownership opportunities to those who may not otherwise be able to afford it.
The DHAP program has several extensions, including the Targeted Occupations Homebuyer Assistance Program and the Anti-Displacement Homebuyer Assistance Program (DHAP 10). The Targeted Occupations program is for those in educational instruction and librarian services, healthcare, and protective services, with homebuyer incomes above 80% and not exceeding 120% of the Area Median Income (AMI) for household size. Assistance may not exceed $50,000, and there is no sales price limit.
The Anti-Displacement program is for current Dallas residents who have lived within the city limits for at least 10 years collectively, with homebuyer incomes between 50% and not exceeding 120% of the AMI for household size. Assistance may not exceed $50,000, and there is no sales price limit.
To be eligible for the DHAP program, applicants must be a U.S. Citizen, Permanent Resident, or have Eligible Immigration Status with a valid social security card. Borrowers with annual household income at or below 80% of the AMI for household size may be eligible for a DHAP Loan. The applicant must have an executed real estate sales contract and mortgage lender approval for a first lien mortgage loan. Assistance will be based on need and may not exceed certain limits. Housing payment may not exceed 35% of the buyer’s monthly gross income, and the home’s maximum sales price is $271,000 for existing properties and new construction, effective for contracts written on or after June 1, 2022.
The DHAP program is a great resource for those who are looking to purchase a home in Dallas but may need financial assistance. It is important to review the DHAP Program Manual for more information on eligibility requirements and program details. Other housing and neighborhood revitalization programs are available in Texas, including the City of El Paso Home Repair Loans, El Paso Mortgage Loans, and 2023 Texas Home Programs.