Finding what is a Targeted area for TDHCA and TSHAC housing programs can be confusing
In this day of computer automation this is one area where it could help but alias it takes a few steps for you to find if a given property is in a TDHCA or TSHAC Targeted area to get the enhanced portions of these programs.
UPDATE: This down payment assistance (DPA) program is out of funds and was last checked Friday October 20th. This information is accurate as of that date. Please call our office at our contact page for more information on the 100% financing and first time home buyer tax credit programs available in your area.
The first thing we want to dispel is that when looking for targeted areas for TDHCA and TSAHC housing programs it is where you want to live and not where you are currently living. The second thing with these Texas home buyer assistance programs you must still qualify for the loan itself. So while these programs will help you with the money aspects you still must have the Credit to get the loan. If you are concerned about getting qualified just call our office and we can go over the current lending requirements and see how they fit your current situation.
UPDATE: This down payment assistance program is out of funds and was last checked Friday October 20th. This information is accurate as of that date. Please call our office at our contact page for more information on the 100% financing programs available in your area.
Here’s how to determine if a property is within a targeted area
Step 1: Obtain the property’s Census Tract by going to the FFIEC Geo Coding system located here. (Property address is required)
Step 2: Take the results in the “Tract Code” and locate it in the TDHCA Targeted Areas chart located here. If the house you are looking at is in the census tracts noted then the property is in a targeted area. (Ignore leading zeros and decimal points)
Alternate, To see the targeted areas on a visual map
Step 1: Locate the TDHCA census for the county tracts in the Targeted Areas here. If you look at the bottom of this document you will note additional areas where the entire county is in a targetd area so if you are looking and don’t find your census tract your whole county may be a targeted area so read all the way to the bottom.
Step 2: Go to Melissa Data Here. Free Registration is required
Step 3: Enter “TX” for State Abbreviation
Step 4: Click on the County FIPS Code Next to the County you are looking in
Step 5: Find the Census Tract that you are looking for out of the list you found in step 1. Click on the Tract #
This will show you a map of the census tract.
What’s the benefit to all this?
All of the TDHCA and TSAHC programs have income caps, sales price caps and you have to be a first-time home buyer. In the targeted areas the income cap is higher, the sales price is higher and in targeted so it is well worth the time and effort to do this. If you have difficulties please call our office and we’ll be happy to help you.
The above is not a comprehensive list of requirements feel free to call our office at our contact page with additional questions