HOME Grant Programs

HOME Grant Programs is sponsored by Jefferson Parish, LA. The HOME Grant Programs provide funds to expand the supply of safe, decent, and affordable housing for low-income Americans, including programs like First-Time Homebuyer Assistance and Housing Rehab.

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First-Time Homebuyer Assistance Program First-Time Homebuyer Assistance Program Jefferson Parish has been designated as a Participating Jurisdiction for the HOME Program funded by the U.S. Department of Housing and Urban Development (HUD) and as such, has designated a portion of its HOME funds for use in the "First-Time Homebuyer Assistance Program."

The actual number of households that will be assisted is contingent upon the actual level of assistance received per client participating. Although the program allows assistance up to $50,000 per client, for Jefferson Parish and up to $60,000 per client for Kenner, this average should not be used as an expectation of benefit since the average level of assistance tends to change from year to year.

Six Steps to Buying a Home Enroll and satisfactorily complete the Financial Fitness and the First-time Homebuyer Training Classes and receive a certification. Class certificates are good for 2 years. View a list of class providers Step 2: Select a Mortgage Lender Applicants are responsible for selecting their own lender for the primary first mortgage loan needed for the purchase of their home.

However, the First-Time Homebuyer Program is only designed to work in conjunction with a fixed rate/fixed term primary mortgage. Other unconventional types of mortgages (adjustable-rate mortgages, temporary buy downs, balloon mortgages, etc.) will not be allowed for program participation .

Additionally, the program has set primary mortgage lender requirements that must be met by participating lenders if HOME funds are to be used in the purchase of the property.

Program applicants are solely responsible for meeting their chosen lender's loan underwriting qualifications such as credit scores, length of employment, debt history, etc. Approved Lenders List (no exceptions) Fax Number Chase Bank Keisha Riley Senior Home Lending Advisor P: (504) 363-5915 F: (866) 362-5915 Fifth District Saving Bank Tracy Schaefer Loan Officer P: (504) 363-6599 F: (504) 363-6526 Marjorie Palmisano Assistant Vice President/Loan Operations Administrator P: (504) 363-6518 F: (504) 363-6526 Gulf Coast Bank & Trust Gabrielle Smith Mortgage Loan Originator P: (985) 646-6514 F: (985) 246-3048 Kayleigh Smotherman Mortgage Loan Originator P: (985) 898-3885 F: (985) 246-3051 Hancock Whitney Bank Deatro Carey AVP, Community Lending Specialist P: (504) 586-7376 F: (504) 586-7440 Mindy Dinicola AVP, Community Lender P: (504) 619-4241 F: (504) 347-6333 Liberty Bank & Trust Michael Lotten Loan Officer P: (504) 240-5268 F: (504) 240-2829 Prax Melancon Community Developing Lending Manager P: (504) 240-5118 F: (504) 240-2829 Greater New Orleans Federal Credit Union Brandy Boudreaux Director of Residential Lending P: (504) 459-8155 Metairie Bank & Trust Elaine White VP, Community Development Officer P: (504) 832-5619 F: (504) 832-2889 Zina Adams Banking Officer, Community Development Officer P: (504) 832-5674 F: (504) 832-2889 Success Lending Tyrell Morris Branch Manager P: (504) 291-6658 Regions Bank Sharon Blair Vice President/Mortgage Loan Originator P: (504) 605-6646 Choose a real estate agent to help you find a home within your price range in the neighborhood of your choice.

View list of Real Estate Agents Once you decide on a house, work with your realtor to negotiate a purchase agreement with the seller . Have your realtor include a contingency clause to protect your earnest money deposit, such as: "This offer is predicated upon the successful receipt of a Jefferson Parish First-time Homebuyer Purchase Subsidy for the purchase of subject property."

Step 5: Contact Your Lender After the seller accepts your purchase agreement, provide a copy to the lender so that they may begin to process your loan. Before completing the Application Form, you must be pre-approved by an Approved Lender. Applications will be provided by Lender.

View Approved Lenders List (PDF) Do not mail the application form. Please bring the form and all required documents with you when you come for your scheduled in person interview . First-Time Homebuyer Program Guidelines Eligible First-Time Homebuyers Eligible "First-Time Homebuyers" must be a U.S. Citizen or Legal Alien with permanent residential status (in the U.

S), who has not owned a home during the past three-year period. Additionally, eligible program participants must also meet income requirements; the selected home for purchase must meet a maximum home appraised value and also meet property standards; other HOME Program criteria also applies as explained throughout this program description. The FTHB program is open to LMI individuals and moderates only.

LMI is defined as having an income less than 80% of the median income for Jefferson Parish. For the FTHB Program, clients must fall within the minimum income limits of not less than 51% to 80%. The below chart represents the household income limits for 2023.

A homeowner cannot use their child or children's income as a qualifying income. They must demonstrate sustainability with their own income. New Orleans-Metairie-Kenner, LA MSA Median Family Income 2025 Limits - Median Income of $89,800.

00 1 2 3 4 5 6 7 8 Very low (50%) Income Limits ($) 31,450 35,950 40,450 44,900 48,500 52,100 55,700 59,300 Low (80%) Income Limits ($) 50,300 57,500 64,700 71,850 77,600 83,350 89,100 94,850 Category Income Range Extremely Low Income < 30% of AMI Very Low Income 31% to 50% of AMI Low Income 51% to 80% of AMI Moderate Income 81% to 120% of AMI Homes Must Be Turn Key Ready Only owner-occupied or vacant single-family properties (no tenant occupied properties) are eligible for participation and the property must be located in Jefferson Parish (including the City of Kenner).

The property may include the following types of residential property: A single family structure A manufactured home (on land to be owned by applicant) No Tenant Displacements or Relocations Allowed No tenant displacements or relocations are allowed in the program, as tenant occupied properties are not eligible for participation and will thus eliminate any potential involuntary displacement or relocation of occupied houses.

The only exception to this requirement is where the tenant is purchasing the rental home they currently occupy (where the homebuyer and the tenant are one and the same). No other occupancy variations will be allowed in the program.

The FTHB requires the Buyer(s) to meet all the requirements contained within these guidelines for a period of time that is not less than the appropriate period specified within the following table as determined by the level of HUD HOME assistance received: Size of Loan Minimum Affordability Period Under $15,000 5 Years $15,000 to $40,000 10 Years Over $40,000 15 Years No Assurance or Guarantee of Funding Home Program funding is not assured and no guarantee is implied that funding will be provided for the purchase of property until all program requirements are fully met by both the applicant and the applicant's mortgage lender.

Additionally, all program eligibility information and individual circumstances are subject to full verification, confirmation and documentation to the complete satisfaction of Jefferson Parish Department of Community Development, before any funds are released.

Events of Default During the Affordability Period The entire amount of the original HOME Program Assistance may become immediately due and payable should any of the following events of default take place during the Affordability Period: Withholding information for the purpose of fraudulently participating in the program Not maintaining the home as a single residence Not maintaining the home as a principal residence of the purchaser(s) Leasing or renting any part of home Using any part of the home for commercial use Not maintaining the home in an acceptable condition to pass a property inspected by Community Development and must meet the Uniform Physical Condition Standards (UPCS) as set forth by HUD, or not remedying housing code violations Not maintaining required insurance coverage for homeowners and flood insurance in order to guard against a loss Intentionally harming or damaging the home Not disclosing financial transactions that increase the indebtedness of the home through unauthorized refinancing You fully understand that it is a federal crime punishable by fine or imprisonment , or both, to knowingly make any false statements concerning any of the above information as is applicable under the provision of Title 18, United States Code, Section 1014.

In the event that a condition of default does take place, the Jefferson Parish Department of Community Development will pursue all legal remedies available to ensure that the HOME Program Assistance is recovered as required by the HOME Program.

This program description may be amended by the Department of Community Development at any time in order to achieve full compliance with the requirements of the HOME Investment Partnership Program and to prioritize applications within funding limitations.

You fully understand that it is a federal crime punishable by fine or imprisonment , or both, to knowingly make any false statements concerning any of the above information as is applicable under the provision of Title 18, United States Code, Section 1014. Government Websites by CivicPlus&reg;