Home Buyers Assistance Program Participation Initiative (HAPPI)

HAPPI is available to those in Shreveport who qualify. As much as 20% of the appraised value or purchase price of the house (whichever is the smaller amount) is offered as down payment and closing cost assistance.

Only first-time homebuyers are allowed in the program. Further, individuals must have approved homebuyer education. Applicants must also be credit-worthy and fall within defined annual household income limits. As of 2020, these limits are as follows:

  • 1 person household: $31,750
  • 2 person household: $36,250
  • 3 person household: $40,800
  • 4 person household: $45,300
  • 5 person household: $48,950
  • 6 person household: $52,550
  • 7 person household: $56,200
  • 8 person household: $59,800

Only primary residences are allowed to be purchased using this program. Specific mortgage insurance is required, and minimum property standards must be met. Repossessed or manufactured housing is not allowed, and neither is HUD or VA housing.

Other programs in Louisiana:

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