Affordable Housing Programs
Contents
Houston Affordable Housing Program
1. What is Affordable Housing?
Affordable housing makes it easier for individuals and families with average incomes to buy a home. These homes have lower monthly payments that fit within a household’s budget, helping owners stay financially stable, build savings, and invest in their future.
2. Who Qualifies for Affordable Housing?
Eligibility is based on income levels and other factors such as first-time homebuyer status.
To complete your application successfully, ensure you have met the following requirements and are prepared to upload the necessary documents:
You must be a U.S. citizen or permanent resident, including any co-applicant or spouse.
Your household’s Adjusted Gross Income (AGI) must be at or below 120% of the Area Median Income (AMI). (Español)
You must have a Pre-Approval Letter from your lender, dated within the last 120 days.
You must have completed an 8-hour Homebuyer Education Course from a HUD-approved agency. View accepted locations.
You must have all required documents completed in the Homebuyer Checklist Packet.
3. Why Choose Fairwood at Furman?
Fairwoods at Furman offers a unique blend of affordability and sustainability. Our modern townhomes feature innovative green-building practices, energy-efficient designs, and easy access to schools, shopping centers, and public transportation, making it an ideal place to call home.
4. Financing & Assistance Programs
Homebuyers may qualify for down payment assistance, low-interest mortgage options, and first-time buyer incentives. We connect residents with financial resources to make purchasing a home as seamless and affordable as possible.
5. How to Apply & Next Steps
Our simple application process guides buyers through eligibility verification, documentation, and financing approval. Prospective homeowners can fill out our Prospective Homebuyer Form, and our team will be in touch with you to help guide you throughout the process.
6. Visit Fairwood at Furman
Experience Fairwoods at Furman firsthand by scheduling a tour. Explore our model homes, community features, and eco-friendly amenities while learning more about how you can become a homeowner in this innovative and affordable community. Contact us today to get started!