Do you need help buying an affordable home in Austin? The Community Land Trust program will allow you to purchase a home, but lease the land for a small monthly fee. By taking the cost of the land out of the real estate transaction, land trust homes are more affordable than houses on the open real estate market. The benefit is that it provides access to quality housing for low and moderate income families and keeps housing affordable for future buyers by controlling the resale price of the houses on CLT land through a ground lease and resale formula.  

Benefits include:

The Down Payment Assistance Program (DPA) offers a deferred 0% interest loan for eligible "first-time homebuyers" to help purchase a home within the Austin City Limits.  Access to assistance must be made through through Trained Loan Officers (see Loan Officer Training, below) who are registered on the DPA’s List of Participating Lenders.  Only trained loan officers can submit DPA applications for potential homeowners.

Purchasing a first home can be confusing.  HousingSmarts homebuyer education helps potential homebuyers in buying a home and qualifying for Down Payment Assistance.

Applying/Registration for HousingSmarts
To apply for the HousingSmarts class and Down Payment Assistance PLEASE first read the criteria (below), consult the class schedule (below), then fill out and submit the Application Form by e-mail, or mail it to the address on the form.

Current City of Austin Homes for Sale

Interested in buying an affordable home? Below are links to homes for sale by both the city and developers under the City's Developer Incentive Program. Check them out and see if you qualify.