Down Payment and Closing Cost Assistance

Down Payment and Closing Cost Program Overview

The City of Victoria Down Payment and Closing Cost Assistance Program has been created to assist low-income families in achieving the "American Dream" of owning their own home. The objectives of the Program include the following:

  • Enhance the opportunity of low-income families to own a home of their own;
  • Increase the rate of home ownership among low-income families in Victoria;
  • Provide home ownership as a means for low-income families to increase their equity and savings;
  • Reduce the pressure on the supply of rental housing in Victoria by converting renters into homeowners; and
  • Promote neighborhood stability by encouraging the purchase of Victoria’s existing permanent housing stock.

To meet these objectives, the City of Victoria is utilizing Community Development Block Grant (CDBG) funds to provide resources to be awarded to low-income families who would otherwise qualify for a home mortgage from a financial institution, but for the lack of funds, to cover down payment and closing costs.

The Program reflects the guidelines and administrative requirements of the U.S. Department of Housing and Urban Development (HUD) and is subject to change to conform to CDBG rules and regulations. The City has the right to change, modify, or revoke all or any part of the Program guidelines, with approval of City Council.

The City of Victoria is dedicated to promoting and furthering fair housing. The Fair Housing Act of 1968 prohibits discrimination in all types of housing transactions such as in the sale, rental, and financing of dwellings based on race, color, religion, sex, familial status, national origin, or disability. Information on Fair Housing will be provided to individuals applying for housing programs funded through HUD. Individuals who have experienced housing discrimination may file a fair housing complaint with HUD or the Texas Workforce Commission (TWC) Civil Rights Division.

Application and Guidelines

2023-2024 Down Payment and Closing Cost Assistance Guidelines

2023-2024 Down Payment and Closing Cost Assistance Application

2023-2024 Down Payment and Closing Cost Assistance Application Checklist