Home Buyers Assistance Program Participation Initiative (HAPPI)

Home Buyers Assistance Program Participation Initiative (HAPPI) es un préstamo condonable para compradores de vivienda en Shreveport, Louisiana. City of Shreveport HUD HOME/CDBG-funded forgivable second mortgage for first-time homebuyers up to 80% AMI. Up to 20% of sales price or appraised value. Targeted Neighborhood enhanced caps: $10K existing property / $20K new construction. Both applicant and co-applicant must complete HUD-certified homebuyer education. No manufactured housing, no HUD/VA repos. City of Shreveport's Home Buyers Assistance Program Participation Initiative (HAPPI) provides down payment, buy-down, and closing cost assistance through approved private lenders. Maximum assistance is up to 20% of sales price OR appraised value (whichever is less), depending on percentage of area median income. Tiered amounts in 19 designated Targeted Neighborhoods: up to $10,000 for purchase of an existing property in a Targeted Neighborhood. up to $20,000 for purchase of NEW CONSTRUCTION in a Targeted Neighborhood. Structured as a HUD HOME / CDBG-funded forgivable second mortgage. Los fondos provienen de Federal, HOME, CDBG y City.

Home Buyers Assistance Program Participation Initiative (HAPPI) ofrece una ayuda equivalente al 20% del precio de compra, según lo fija el programa. Aporte del comprador de vivienda: Per first-mortgage product (3.5% FHA, 0% VA, 3-5% conventional). El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Home Buyers Assistance Program Participation Initiative (HAPPI) se perdona después de 10 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por HUD HOME-funded forgivable second mortgage typical structure. Affordability period per 24 CFR 92.254: 5 years (assistance < $15K), 10 years ($15K-$40K) y 15 years (>$40K). Recapture limited to net proceeds if sold/transferred/vacated during affordability period. La ayuda se registra con un gravamen en posición 2nd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Home Buyers Assistance Program Participation Initiative (HAPPI) está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: First-time homebuyer = no homeownership in past 3 years. Sobre el crédito, el programa indica: No specific City-imposed minimum FICO; applicants must have sufficient credit to qualify with a HAPPI-approved lender. Lender overlays apply. Se requiere un curso de educación para compradores de vivienda, a través de Approved Homebuyer Education Providers list (2023 directory at shreveportla.gov/DocumentCenter/View/21989). Education provider must be a non-profit and/or HUD-Designated Counseling Agency. Both applicant and co-applicant must complete homebuyer education classes. Catholic Charities of North Louisiana (CCNLA) provides FTHB classes. Requisito de residencia: Property must be located within City of Shreveport limits. Borrower must occupy as primary residence for HUD HOME affordability period. Ciudadanía o situación migratoria: Per HUD HOME federal eligibility - U.S. citizen or qualifying non-citizen. First-time homebuyer required (no homeownership in past 3 years). Annual household income at or below 80% AMI per HUD for City of Shreveport (2024-2025 1p=~$36,700; 8p=~$69,200 per seed range). Completed approved homebuyer education class (both applicant and co-applicant). Sufficient credit to qualify with one of the City's HAPPI Approved Lenders. Maximum assistance up to 20% of sales price or appraised value (lesser), tiered by AMI %. NO HUD-, VA-, or repossessed properties or manufactured housing eligible. Properties eligible for HUD mortgage insurance must meet minimum property standards; non-insured properties must meet HQS. 19 Targeted Neighborhoods receive enhanced caps (up to $10K existing / $20K new construction).

Home Buyers Assistance Program Participation Initiative (HAPPI) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Annual household income at or below 80% AMI per HUD for City of Shreveport / Caddo Parish (2024-2025 1p=~$36,700; 8p=~$69,200 per seed range). Assistance amount tiered by exact AMI percentage. El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Home Buyers Assistance Program Participation Initiative (HAPPI) limita el precio de compra así: No explicit maximum purchase price; assistance capped at 20% of sales price OR appraised value (lesser). Targeted Neighborhood enhanced caps: $10K (existing) / $20K (new construction). Los tipos de propiedad elegibles incluyen Single-family detached, condominium, townhouse within City of Shreveport. NO manufactured housing. NO HUD-, VA-, or repossessed properties. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Home Buyers Assistance Program Participation Initiative (HAPPI) menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional y cónyuges sobrevivientes entre los grupos a los que atiende. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

Home Buyers Assistance Program Participation Initiative (HAPPI) atiende a compradores de vivienda que compran en Shreveport, Louisiana. El programa se dirige a áreas específicas: 19 designated Targeted Neighborhoods within City of Shreveport receive enhanced HAPPI caps: up to $10,000 existing property / $20,000 new construction. Designated by City Community Development Department; maps at shreveportla.gov/DocumentCenter/Index/361.

Las solicitudes de Home Buyers Assistance Program Participation Initiative (HAPPI) se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Apply through HAPPI Approved Lender, who coordinates with City of Shreveport Department of Community Development. Subject to HOME/CDBG annual allocation. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.