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Updated: 6:04 PM Jun 30, 2006
Texas Makes Millions Available To Help Hurricane Victims Buy Homes
Texas will make millions of dollars available to help hurricane victims and low-income families buy homes.
Posted: 11:00 AM Jul 1, 2006 |
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(July 1, 2006)--Texas is making $255 million available to help victims of Hurricane Rita and low-income families buy homes.
The program, which Gov. Rick Perry announced Friday is expected to assist about 2,300 Texas families.
The Texas Department of Housing and Community Affairs will administer the money.
Funds will be available for low interest rate mortgages and mortgage credit certificates to qualifying families.
The program has 35 participating lenders operating more than 300 branch offices throughout the state.
“This is the largest amount of homebuyer funds ever released by the state. And more than 40 percent of it, or $108 million, is coming here to help Southeast Texans recover from Hurricane Rita,” Perry said.
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