Home Loan and Grant Programs

First Time Homebuyer Tax Creditsimage

President Obama has signed an extension of the first time homebuyers tax credit. moreThis credit can provide $8,000 for first time homebuyers.The rules on income and other prerequisites have changed as well.This program extension applies to purchases of homes before April 30th, 2010. less

Neighborhood Assistance Corporation of America Home Ownership Programimage

NACA is a non-profit, community advocacy and homeownership organization that conducts homeowner counseling and helps even those with poor credit to purchase a home or refinance a predatory loan. moreNACA offers a mortgage program with no down payment, no closing costs, no fees, no requirement for perfect credit, at a below-market interest rate.NACA also offers free, comprehensive housing services such as house hunting assistance and property evaluations.Participants must become a member of NACA to receive program benefits.Find out more about the program and upcoming workshops on the website, or call a local NACA office.

New Orleans:
10555 Lake Forest Blvd, Suite 5E
New Orleans, LA 70127

Baton Rouge:
10101 Siegan Lane
Baton Rouge, LA 70810
225-767-9224 less

United Way IDA Program: Matching Savings Account for a Home or Vehicle Purchase, Business Assistance, Education Assistanceimage

IDAs (Individual Development Accounts) are savings accounts that give low income individuals and families the opportunity save and build assets. moreQualified individuals who open an IDA will receive matching funds towards a specified goal.Contact United Way for info.
  • Savings Goal: Purchasing a home or vehicle or opening a childcare center.
  • Match: $4 for every dollar saved, up to $2000 for a home or childcare center (up to $8000 match), up to $1000 for a vehicle (up to $4000 match).
  • Eligibility: You must be employed, earn below 200% of the poverty line, and not own more than $10,000 in assets not including one primary home and one vehicle.
  • Other Requirements: Applicants are required to take 12 hours of financial education and training.

Neighborhood Housing Services of New Orleansimage

NHS NOLA conducts first-time homebuyer training classes and can assist homeowners in rebuilding or renovating a home&#46 They offer funding, financial counseling, and construction management. more

Services Provided: Construction Management services – assisting homeowners through the process of rebuilding
Area Served: Orleans
Eligibility: All are eligible
Contact Info: 504-899-5900 less