# Presentation: 827955

## Slide 1

## Since 1996:

**Since 1996:**

## HOYO Network

**HOYO Network**

**Five local chapters--and plans for more!**

## Barriers to Homeownership Encountered by People 

**with Disabilities**

**Low Incomes & Fewer Credit/Financing Opportunities**

**Lack of Accessible &**
** ****Affordable  Housing**

**Attitudinal Barriers**

## Texas HOYO Values

**Choice ... Independence ... Community **

**Texas HOYO Values**

**All individuals with disabilities can and should live in the community, given the appropriate supports they need to be successful.**

## Texas HOYO Values

**Choice ... Independence ... Community **

**Texas HOYO Values**

**Support services, including homeownership services, should be tailored to the needs of the individual with disabilities and their family.**

## Texas HOYO Values

**Choice ... Independence ... Community **

**Texas HOYO Values**

**People with disabilities should have control over the support services they receive —including the services that support them along the path toward homeownership.**

## HOYO is unique because it brings together organizations representing a broad range of expertise and experience, not just in disability, but also in fields associated with homeownership such as mortgage financing, housing development and real estate.  

**HOYO is unique because it brings together ****organizations ****representing a broad *****range****** of ******expertise and****** ******experience******,***** not just in disability, but also *****in fields associated with homeownership***** such as mortgage financing, housing development and real estate.**

## Important Note!

**Important Note!**

**A big part of  Texas HOYO’s job is  educating prospective coalition members and others about people with disabilities and the importance of  Texas HOYO values.**** **

## Partner Commitments

**Participating organizations and partners are asked to commit to provide specific services, as appropriate to their business.**

**That’s cool.**

## Partners  

**Partners**

##  Texas Department of Housing and Community Affairs

** ****Texas Department of Housing and Community Affairs**

## TDHCA’s Involvement	

**TDHCA’s Involvement**

***Down Payment ******and Closing Cost Assistance:***
**Up to $15,000, based on family income, to assist with down payment and closing expenses.  **

## TDHCA’s Involvement 	

**TDHCA’s Involvement **

***Home Modifications:***
**Removing architectural barriers and/or adding accessibility features (up to $20,000 through Texas HOYO–the amount varies based on assessment).**

## TDHCA:  Partnership Efforts

## Slide 16

## Lenders offer targeted 

**mortgage products**

**Fannie Mae**** loans are targeted to low- to middle-income families and individuals, including HomeChoice****SM ****–a product developed specifically for people with disabilities who are first-time home buyers.**

## Community Lending

**  ****Mortgage counselors specially trained in affordable lending products and services**
**  ****Down payment assistance available through local programs**
**  ****Mortgage loans (also known as “portfolio” loans) offered as part of efforts to comply with the federal Community Reinvestment Act.**

## New Market

**New Market**

**Participating in the Texas HOYO effort and partnering with Fannie Mae has provided a new population of people not previously outreached to for mortgage lending.**
**Mortgage lending staff participate in awareness building about the housing needs of a person with a disability.**
**It is good business!**

## HOYO Program Supports

**Long-standing myths and stereotypes about people with disabilities pose serious barriers in developing productive relationships with lenders, realtors and others in the housing industry.**

**HOYO Program Supports**

## Path To Homeownership

## Slide 22

## HOYO Homebuyer Counseling Challenges

**Compared to the general population, people with disabilities are more likely ****to have limited income, ****lower cash reserves and ****higher disability-related ****expenses.**

**HOYO Homebuyer Counseling Challenges**

## Slide 24

## Homebuyer Counseling Services

## Becoming a Local Lead Agency

## Funding and support for the Texas Home of Your Own has been provided by the Texas Council for Developmental Disabilities, Fannie Mae Corporation, Federal Home Loan Bank, Bank One, Texas Department of Housing and Community Affairs, United Cerebral Palsy of Texas and private donations. 

**Funding and support for the Texas Home of Your Own has been provided by the Texas Council for Developmental Disabilities, Fannie Mae Corporation, Federal Home Loan Bank, Bank One, Texas Department of Housing and Community Affairs, United Cerebral Palsy of Texas and private donations.**** **

## Slide 28