American Dream Downpayment Initiative (ADDI)

The American Dream Downpayment Initiative (ADDI) was signed into law on December 16, 2003, and provides downpayment, closing costs, and rehabilitation assistance to eligible first-time homebuyers.  ADDI programs are administered as a part of the HOME Investment Partnership Program (HOME).

Eligibility criteria include that the home buyer: 

	v	must be first-time homebuyer(s) interested in purchasing single-family housing;
	v	has not owned a home during the three-year period prior to the purchase of a home with ADDI assistance;  and
	v	has income not exceeding 80% of area median income.

The Harris County Community Services Department (CSD) is administering these funds through the Downpayment Assistance Program (DAP) in its Lending Services Section.

Click here for a check list of DAP Steps.

For additional information, click on the following link for the U.S. Department of Housing and Urban Development (HUD) ADDI Information.