Since 1996:

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Since 1996
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HOYO Network
Five local chapters--and plans for more!
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Barriers to Homeownership Encountered by People
with Disabilities
Low Incomes Fewer Credit/Financing Opportunities
Lack of Accessible Affordable Housing
Attitudinal Barriers
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Texas HOYO Values
Choice Independence Community
All individuals with disabilities can and should
live in the community, given the appropriate
supports they need to be successful.
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Texas HOYO Values
Choice Independence Community
Support services, including homeownership
services, should be tailored to the needs of the
individual with disabilities and their family.
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Texas HOYO Values
Choice Independence Community
People with disabilities should have control over
the support services they receive including the
services that support them along the path toward
homeownership.
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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.
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Important Note!
A big part of Texas HOYOs job is educating
prospective coalition members and others about
people with disabilities and the importance of
Texas HOYO values.
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Partner Commitments
Thats cool.
Participating organizations and partners are
asked to commit to provide specific services, as
appropriate to their business.
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Partners
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Texas Department of Housing and Community Affairs
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TDHCAs Involvement
Down Payment and Closing Cost Assistance Up to
15,000, based on family income, to assist with
down payment and closing expenses.
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TDHCAs Involvement
Home Modifications Removing architectural
barriers and/or adding accessibility features (up
to 20,000 through Texas HOYOthe amount varies
based on assessment).
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TDHCA Partnership Efforts
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Lenders offer targeted mortgage products
Fannie Mae loans are targeted to low- to
middle-income families and individuals, including
HomeChoiceSM a product developed specifically
for people with disabilities who are first-time
home buyers.
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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.

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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!

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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.
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Path To Homeownership
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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.
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Homebuyer Counseling Services
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Becoming a Local Lead Agency
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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.
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