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In order to be considered for a PH+ home, you must meet the eligibility criteria below.
The application process duration: 6 months to 2+ years. Process depends on the applicant motivation, financial picture such as credit score and savings, flexibility with neighborhood preferences.

ELIGIBILITY CRITERIA

In order to be considered for a PH+ home, your household income must be at or below 80% of Area Median Income (AMI) according to family size:

ORLEANS PARISH 2023 INCOME LIMITS: 80% AMI

  
  HOUSEHOLD SIZE
  1
  2
  3
  4
  5
  6
		

	
		INCOME LIMITS
		$45,950
		$52,500
		$59,050
        $65,600
		$70,850
		$76,100
		

IN ADDITION, YOU MUST:

Be able to qualify for a first mortgage (PH+ will assist participants in pre-qualifying for mortgages).

Commit to living in the new PH+ home as a primary residence for a minimum of 3 years.*

Have the ability to maintain the new home (i.e. pay taxes, insurance and utilities).
Commit to obtaining and maintaining liability insurance, flood insurance, and an active termite contract on the property for the duration of your residency in the home.
Be employed or have a guaranteed stream of income.
Contribute at least 1%* of the purchase price as a down-payment once construction is complete.
Complete a 12-hour homebuyer training course.
Contribute monthly to a savings plan.
Have the ability to maintain lawn.

*PLEASE NOTE: Residency requirements, buyer contribution amounts, and other requirements vary depending on applicant’s household income and the amount of subsidy required. Veterans may qualify for financing that does not require a down-payment.

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