-0- down program

Bond 77; Alternative Down Payment Funding

Just when it seemed that making use of the First Time Home Buyer Credit was completely gone, Texas introduces the new Texas Department of Housing & Community Affairs (TDHCA) Bond 77 Program. The Bond 77 program is a new Zero Down Home Loan that will assist home buyers with their down payment towards the purchase of a home. It is said that the state of Texas has backed this program with $500 million dollars in funding and should be releasing the program in late May. With this kind of allotment of funds available for the program and an alternative option for down payment, it’s sure to become a popularly sought out program by both first time buyers and existing home owners looking to purchase a home.


There are some Bond 77 details that might be of interest to anyone looking to make use of this program. It should be noted that the interest rate on the loan will be locked for thirty years. All fees will be strictly restricted (this is a good thing for all borrowers). For those looking to gain assistance with a down payment, Bond 77 will provide borrowers with 5% towards the down payment and closing costs. As long as the borrower remains in the purchased home as a primary residence, the borrowers may enjoy not having to worry any form of payments towards the amount assisted with. Availability of this program depends on the number of individuals in the household and on area of the first time home buyers or existing home owners looking to purchase.

The Bond 77 program will not run indefinitely. Funds will be appropriated effectively on a first come first serve basis. As soon as the funds are depleted, the program will cease to exist and terminate.

If you’d like more information regarding Bond 77 or have any questions in regards to Bond 77 or hill country property, Email me at kathystafford17@yahoo.com You may also get more information from the Texas Department of Housing and Community Affairs here.

Domain is GROWING!!!!!!

Phase II of the Domain: Open for BusinessThe Domain mixed-used project by the Simon Property Group has become one of the most divisive and high-profile development projects in Austin, TX.
The battle over the massive tax subsidies promised to the Domain that were a big part of the decision to move forward with the project in North Austin got quite heated and lead to an intense political battle in 2008.
It's changed the face of mixed-used in our city, has dramatically altered the real estate and retail environment in North Austin, and has brought high-end retail previously unavailable in the South to Austinities spending like crazy despite the recession.
Along with projects such as the Triangle in central Austin, it's changed the local real estate game for good. And just recently, after years in the making, Phase II of the 600,000 square foot Domain project opened its doors on April 23rd.
Read on to learn more about the recent grand opening at the Domain including which retailers are going to be present, and what's to come in the future for the project in 2012 and 2013.

Retail GaloreThe Phase II project and its stores actually had a soft opening back in February, so many shoppers have already grown accustomed to the presence of the new businesses. But not they are all officially open for business.
The HUGE mixed-used property has 136,000 square feet of retail. The biggest players in Phase II are Dick's Sporting Goods, Dillard's, and a large movie theater called Gold Class Cinema.
There's also 438 residential units and about 78,000 square feet of office space. Other national retailers that are now open in Phase II include:
American Eagle Outfitters
Aeropostale
Bath & Body Works
Buckle
Bui-yah-kah
Charming Charlie
Coffee Bean & Tea Leaf, Express
Finish Line
The Limited
Maggiano’s
Payless Shoes
Shasa Collections
Stride Rite
Sushi Zushi
VANS
Yogurt Planet
Zumiez.