The Lafayette Community Development Fund (LCDF)  First Time Homebuyers Program is one of the primary financial vehicles that allows the LCDF to provide mortgage financing for low income families in our community.

Since its creation in 1998, a revolving loan fund of 3.8 million dollars has provided over 1000 first time home buyers with down payment assistance loans.

The First Time Homebuyers Program (“FTHP”) Down Payment Assistance loan assists qualified home buyers to obtain an affordable first mortgage loan through a private lender licensed by the Louisiana Office of Financial Institutions.

The FTHP Down Payment Assistance loan is a loan up to $8,000 at 5.0% interest which may be applied toward down payment and/or closing costs.  This loan is secured with a second mortgage.  If the original homebuyer no longer occupies the house as his/her principal residence prior to the end of the 15 year loan term, the loan is due in full.  There is no pre-payment penalty associated with this loan

  • First-time homebuyer who has not owned a home as a primary residence in the past three years and/or displaced homemakers.
  • Applicant must occupy the home purchased as his/her principal residence.
  • Applicant must have a current signed purchase agreement for the home.
  • Applicant must have an adjusted gross income not exceeding the maximum allowable amount.
  • Applicant must meet the credit and loan requirements of the participating lender and mortgage insurer for the primary mortgage.
  • Applicant must complete a first time homebuyers training program.
  • New or existing single family home, condominium or town home which is (1) unoccupied, (2)  occupied by seller, (3) occupied by the applicant(s) and located within Lafayette Parish.
  • Manufactured homes, mobile homes, and multi-family are not eligible.
  • The property must not exceed the Louisiana Housing Corporation current maximum acquisition cost for residential housing units in the MRB assisted program.
  • The maximum acquisition cost for an existing home or new construction is $316,177
    • Applicant must meet the credit and loan requirements of the participating lender and mortgage insurer for the primary mortgage.
  • Applicant must complete a first time homebuyers training program.

Family Size                            Maximum Annual Income

2 or less                                $86,520

3 or more                           $100,940

The Lafayette Public Trust Financing Authority (the “LPTFA”) entered into an agreement with the Capital Area Financing Authority (CAFA) that will provide a competitive 30-year fixed rate mortgage with a non-repayable homebuyer’s grant of up to 4% of the original mortgage amount to qualifying low and moderate income homebuyer families throughout Lafayette Parish.

CAFA has established the following requirements for eligible homebuyers:

  1. No first-time homebuyer requirement.
  2. Maximum “credit qualifying” income 115% of AMI (currently $72,795 in Lafayette Parish)
  3. Maximum home limits; FHA limits as applicable.

This program is administered by CAFA on the behalf of the LPTFA.  Any questions should be directed to CAFA at 225-771-8567.

For a home grant guide, click here. To see the Louisiana CAFA Home Loan Grant Flyer, click here. 

The LCDF services all loans in the First Time Homebuyers Program, including the loans previously serviced by the Lafayette Consolidated Government.

Payments on your loan may be mailed to:


P.O. Box 3205

Lafayette, LA 70502

Payments may be made via check, money order or automatic draft.  To enroll in autodraft please fill out form and return to our office with a voided check.   LPTFA Auto Draft Auth

Questions about your loan may be emailed to [email protected] or you may call 337-504-2314

The issuing of Single-Family Revenue Bonds is another way that the LCDF can help provide housing support to less affluent citizens of Lafayette Parish.

This program is a financing vehicle that allows the LCDF to create mortgage financing that includes down payment assistance and very low fixed rates for low- to moderate-income families. Without LCDF, this type of mortgage financing would not be available in the conventional marketplace. The funds for this program are created by the sale of Single-Family Revenue Bonds, which are NOT General Obligation bonds of the City of Lafayette or the State of Louisiana.

There are no Single-Family Revenue Bonds available at this time.

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