Capital Area Housing Finance Corporation

Down Payment Assistance


Capital Area Housing Finance Corporation

Location Served in Texas: Bastrop, Blanco, Burnet, Caldwell, Fayette, Hays, Lee, Llano, Williamson Counties and City of San Marcos in Hays County

Provider: Capital Area Housing Finance Corporation

To inquire if New American Funding is currently an approved lender for this DPA program, please call (512) 524-8077. This webpage is for information purposes only.



MCC Program


With the help of the Capital Area Housing Finance Corporation, qualified borrowers are allowed to use a one-time $8,000 federal income tax credit as well as the Capital Area HFC mortgage credit referred to as an MCC. The mortgage credit certificate, or MCC, provides homebuyers the opportunity to take 30 percent (or up to $2,000) off of their annual mortgage interest as a federal income tax credit. Any unused credit may be carried forward up to three years because the credit is limited to the homeowner’s actual tax liability. The leftover percentage of the homebuyer’s annual mortgage interest may continue to be claimed as a deduction.

  • As long as the property remains as the borrower’s primary / principal residence, the MCC benefit may be claimed each year of the mortgage term.

  • The MCC credit could help homebuyers meet the requirements during the credit underwriting process.

  • Homeowners have the option to change their federal income tax withholding and increase their monthly take home pay, or homeowners may receive the credit as a lump sum when they file their annual federal income tax return.


MCC Qualifications

In order to qualify for the Capital Area Housing Finance Corporation, homebuyers:

  • Must not have owned a primary residence in the past three years

  • Must not exceed the following income limits:

    Counties 1-2 person households 3 or more person households
    Bastrop, Caldwell, Hays, Williamson $73,300 $84,295
    Blanco $64,311 $73,958
    Burnet $64,651 $74,349
    Fayette $64,800 $74,602
    Lee $63,120 $73,640
    Llano $60,960 $71,120


  • Must not purchase a home that exceeds the price of $258,690


MCC Limitations

If you have any additional questions regarding home mortgages, please contact a mortgage expert by filling out the form on the right or calling (512) 524-8077. You can also email

This website marketing is not intended to offer loan services for properties in New York.