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Get Matched Free →City of Alexandria Homebuyer's Assistance Program (HAP)
Funding status: Active
How much assistance
Up to 50% of down payment plus closing costs, mortgage principal reduction, and education training (amount based on demonstrated need)
Forgivable second mortgage with affordability period based on assistance amount: under $15,000 requires 5-year minimum; $15,000 to $40,000 requires proportional period; over $40,000 requires 15-year minimum. Forgiven at an equal pro-rated percentage for each month of owner-occupancy.
Eligibility
- Income limits: Household income at or below 80% of area median income as determined by HUD.
- First-time buyer required: Yes — Must not have owned a home in the past three years (HUD first-time buyer definition).
- Geographic restrictions: Must purchase an existing or newly constructed home within the city limits of Alexandria, Louisiana.
- Homebuyer education required: Yes
How to Apply for City of Alexandria Homebuyer's Assistance Program (HAP)
Contact the City of Alexandria Community Development Department. Applicants must complete homebuyer education training. The assistance is secured by a promissory note and subordinate mortgage signed at closing, with an agreement detailing terms, affordability period, principal residence requirement, and recapture provisions.
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