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Home Ownership Assistance
Home Buyers Assistance Program Participation Initiative (HAPPI)
The City of Shreveport Home-buyer's Assistance Program Participation Initiative (“HAPPI”) is designed to provide assistance through approved private lenders to assist first time home-buyers whose income threshold are 80% or below the median income level as determined by HUD for the City of Shreveport each calendar year.
The down payment, buy down and closing cost assistance are available through participating local lenders in partnership with the City of Shreveport. This program is designed to assist first time home buyers who have:
- An income of 80% or below the area median income, as determined by HUD
- Completed an approved home buyer education class
- Not owned a home or held title to a property for three years or longer
Additional Qualifications
- Applicants must have sufficient credit to qualify with one of the city's HAPPI approved lenders. All lenders must be HUD approved for business in the Shreveport area
- Education provider home buyers must have non-profit status and/or be designated as a HUD Counseling Agency. Applicant and co-applicant must complete home buyer education classes
- No HUD, VA, repossessed properties or manufactured housing will be eligible for assistance
- Properties eligible for HUD mortgage insurance or a specific mortgage insurance program must meet minimum property standards. All other assisted housing not eligible for HUD mortgage insurance must meet housing quality standards
Nineteen (19) Targeted Neighborhoods and Maps
- You can find Neighborhood maps here