The purpose of the Texas First Time Homebuyer Program is to facilitate the origination of single-family mortgage loans for eligible first time homebuyers and to provide to qualifying homebuyers down payment and closing cost assistance. The Texas First Time Homebuyer Program is administered in accordance with Texas Government Code, Chapter 2306 and Chapter 20 of this title (relating to the Single Family Programs Umbrella Rule). Chapter 20 of this title will apply to all Single Family activities, including Single Family development involving rental or ownership.

Source Note:The provisions of this §27.1 adopted to be effective October 30, 2012, 37 TexReg 8503.