(a) The purpose of the Texas First Time Homebuyer Program
is to facilitate the origination of single-family Mortgage Loans for
eligible first time Homebuyers, and to make available down payment
and closing cost assistance to eligible Homebuyers. The Texas First
Time Homebuyer Program is administered in accordance with Texas Government
Code, Chapter 2306. Chapter 20 of this title (relating to the Single
Family Programs Umbrella Rule) does not apply to the activities under
this chapter, except if these activities are combined with activities
subject to Chapter 20 of this title.
(b) Assistance under this Program is dependent, in
part, on the availability of funds. The Department may cease offering
all or a part of the assistance available under the program at any
time and in its sole discretion.
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