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Houston updates Harvey homebuyer rules, tightens single‑family construction standards
Summary
Housing staff described a non‑substantial amendment to the Harvey Homebuyer Assistance Program (HBAP 2) that adds cryptocurrency to liquid‑asset guidance and outlined strengthened local construction and warranty standards for single‑family homes built through city programs.
Assistant Director Cedric Lassane told the Housing and Affordability Committee on Oct. 21 that the department approved a nonsubstantial amendment to the Harvey Homebuyer Assistance Program (HBAP 2) guidelines to list cryptocurrency as a nonexclusive asset in the liquid‑asset section. The General Land Office reviewed and approved the amendment on Aug. 15, 2025.
Lassane said HBAP 2 provides down‑payment assistance, closing‑cost help and principal/interest buy‑downs for eligible low‑ and moderate‑income and urgent‑need homebuyers who meet the program’s first‑time homebuyer definition; residents affected by Hurricane Harvey (Aug. 25, 2017) remain eligible to apply.
On single‑family construction standards, Lassane and…
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