Home Program

Down Payment Assistance Program


The purpose of the down payment assistance program is to provide an opportunity to make housing more affordable by providing first time, low-income home buyers with down payment loans. Loans of up to $15,000 are provided to households with incomes up to 60% of housing area median family income; up to $12,000 for those households with incomes above 60% and up to 70% of area median family income; and up to $9,000 for those households with incomes above 70% and up to 80% of area median family income. All loans bear a 0% interest on the principal amount and are due on sale of the property or after the first lien is paid (usually 30 years). If the home buyer should decide to refinance the existing loan, the City of Laredo will subordinate its 2nd lien provided the structure of the loan remains the same. There are no pre-payment penalties.

For more information on Down payment Assistance, including eligibility information, click here.

Tenant-Based Rental Assistance

The City of Laredo, as funded through the HOME Investment Partnerships Program provides Tenant-Based Rental Assistance (TBRA) to qualifying low income elderly residents of the downtown area. TBRA is a rental subsidy that helps maintain the affordability of rental units occupied by elderly persons of low income. Approximately 100 persons are assisted each year.