The Dallas Homebuyer Assistance Program (DHAP) has been successful at providing opportunities for homeownership for those who want to call Dallas home.
The program provides financial assistance of up to $50,000.00 with down payment and closing costs, DHAP has three extensions of the program to qualify.
First, is the Traditional DHAP which serves families with a household income at or below 80% of the area median income.
Next, is the Targeted Incentive Homebuyer Assistance Program for those who are in occupations of educational instruction, librarian services, healthcare professions and protective services to include fire fighters, police, and security officers. This program serves families with a household income between 80% - 120% of the area median income. And lastly, is the Anti-Displacement Homebuyer Assistance Program for current residents of the City of Dallas who have called Dallas home for at least 10 years. This program serves families with a household income between 50% - 120% of the area median income.
The City of Dallas has worked with private developers to build affordable single-family homes in communities that are being subjected to gentrification. The program (DHAP 10) provides assistance to families up to $50,000.00 to be able to remain in their community where they have lived and raised their family for many years. The City has the belief that while gentrification is coming it can be met through the DHAP 10 program and its partnership with the private sector. The City of Dallas believes that because the neighborhood is nice you should not have to move.
Closed Loans
DHAP 10 – 9 closings ($441,026.00)
Targeted Occupations – 4 closings ($162,148.00)
Traditional DHAP – 14 closings ($641,800.00)
Loans under review (in closing) as of 9/30/2023
DHAP 10 – 5 loans ($246,000.00)
Targeted Occupations – 1 loan ($44,700.00)
Traditional DHAP – 1 loan ($45,800.00)
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