The Federal home buying credit expired at the end of April, but Texas has created its own.

Under the Bond 77 program, Texans have $500 million available to them. The program targets low and middle income home buyers.

“This program will help lock in an interest rate of 5 percent, and or help you get 5 to 10 percent of your down payment taken care of,” Austin Business Journal Editor Colin Pope said.

News 8’s Todd Boatwright spoke more to Pope about the program.

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