Eligible homebuyers can receive interest-free loans for up to $50,000 toward the purchase of a home under the city-parish Office of Community Development’s Homebuyer Assistance program.
The loans, funded by the U.S. Department of Housing and Urban Development, cover gap financing for people who might not otherwise qualify for mortgages to buy a house.
Up to $25,000 is available for the purchase of a home, and up to $50,000 is available toward the purchase of a new home. The money can be used toward a down payment or closing costs.
The loans are available for any property in East Baton Rouge Parish, excluding the incorporated areas of Baker, Central and Zachary.
Participating homebuyers must not have owned a home in the past three years and must meet certain income limits, which are a maximum of $42,500 for a two-person household and $53,100 for a household of four.
For more information, contact Gladys Williams at (225) 389-3039, ext. 103, or email GGWilliams@brgov.com.