Houston Included In Program To Help Future Home Buyers

Houston will be one of the first cities to be part of a new program that will help first time and other home buyers who have had a hard time purchasing homes in the tight credit market.

The program is funded by the National Association of Real Estate Brokers and will help turn bank-owned and other non-performing properties into opportunities for potential home buyers who are stuck in the home buying process. The $1.2 billion  “Homeowners Assurance Program” is privately funded and will roll-out in 25 U.S. cities, including Houston. Julius
Cartwright is the president of the Association of Real Estate Brokers.

“Houston is already a market that has probably recovered and is stronger than some of the other 25 markets that we are involved in according to the economists at the Federal Reserve. So it’s a solid community and it should be a good community to begin to roll-out some our solutions and this program being one of the big ones.” 
Cartwright says homeowners with low credit scores will have a better chance of buying a home under the program. The program could be up and running in Houston within 3-6 months.


Jack Williams

Jack Williams

News Director and Afternoon Host

Jack Williams is HPM’s news director and afternoon host on News 88.7. He’s been with the organization since 2000, including stints as a reporter and news anchor. Jack leads the largest public radio newsroom in Texas and has overseen significant growth in HPM’s news division since he became news director...

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