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Lafayette Habitat for Humanity Affordable Homeownership Program

Lafayette Habitat for Humanity · Lafayette, Louisiana

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Income limit

80% AMI

Of area median income; varies by county and household size

What is Lafayette Habitat for Humanity Affordable Homeownership Program?

Lafayette Habitat for Humanity Affordable Homeownership Program is down payment assistance for homebuyers in Lafayette, Louisiana, administered by Lafayette Habitat for Humanity.

  • Lafayette Habitat for Humanity partners with families needing affordable housing in the Acadiana area, selecting homebuyers by need, ability to pay, and willingness to partner. Qualified buyers complete 200+ hours of sweat equity and financial education, then purchase with an affordable Habitat-financed mortgage. Applications open periodically based on building capacity. A sweat-equity / Habitat-mortgage model, not a cash down payment grant.
  • Affordable Habitat-financed mortgage.
  • Housing cost ~30% of gross income.
  • Homebuyer helps build.
  • Financial education.
  • Nondiscriminatory selection.
  • Funding comes from Donations, volunteer labor, recycled mortgage payments.

Do you have to pay it back?

Lafayette Habitat for Humanity Affordable Homeownership Program is down payment assistance and is repaid under the terms set by Lafayette Habitat for Humanity.

  • Repayment is triggered by Monthly affordable Habitat mortgage payments; recycled to build more homes.
  • The assistance is recorded in First position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Lafayette Habitat for Humanity Affordable Homeownership Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: No fixed minimum FICO; acceptable credit history without excessive collections/bad debt/bankruptcy within last 3 years.
  • A completed homebuyer education course, through Lafayette Habitat homeowner orientation, financial education, sweat-equity classes
  • Residency: Legal US resident and current Louisiana resident; serves the Acadiana area
  • Citizenship or immigration status: Legal resident of the United States
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. Sweat equity 200+ hours (sources cite 300-450 hrs by household size). Housing expense <=30% gross income. Application fee $25-$45 per applicant; all docs submitted together. Applications open only periodically. Habitat assistance_type 'other'; not a cash DPA grant.

The program excludes

  • Manufactured homes
  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Lafayette Habitat for Humanity Affordable Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

  • Household income below 80% of parish median income; must meet 2026 Income Guidelines for Lafayette Parish.
  • The limit applies to total household income, not only the borrower&rsquo;s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Lafayette Habitat for Humanity Affordable Homeownership Program can be used for Single Family.

  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Lafayette Habitat for Humanity Affordable Homeownership Program serves buyers purchasing in Lafayette, Louisiana.

How do you apply?

Applications for Lafayette Habitat for Humanity Affordable Homeownership Program go through Lafayette Habitat for Humanity, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Lafayette Habitat homeowner orientation, financial education, sweat-equity classes.

  2. Contact Lafayette Habitat for Humanity to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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