The City of Waco, Best of Central Texas
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City Services

Reconstruction Loans

Loan Application


To improve living conditions for lower income homeowners through either the rehabilitation of their existing home or building a new home if repair is infeasible.


    • A partially forgivable loan (up to $80.00 per square foot plus closing costs for pre-approved house plans) for the construction of a new owner-occupied home in place of an existing structure deemed infeasible for repair
    • Zero-percent interest on the repayment portion of the loan

Eligibility Criteria:

  • Borrowers must meet income criteria (80% or below median income)
  • Property insurance and taxes must be current
  • Borrower cannot own any other income-producing real estate
  • Borrower must qualify for the mortgage, taxes and insurance
  • A structure is determined feasible for rehabilitation if the rehab costs do not represent more than the after-rehab value of the home or exceed $24,999.
  • Structures not feasible for rehab will be considered for reconstruction

More terms may apply to this program.  For more information, please contact us at 750-5656. Contractors interested in building single, one family home’s for the City’s reconstruct program should contact Marcus Davilla at 254.750.5629 or email him at

City of Waco
80 percent of the Median
2014 Income Criteria
Family of 1 $28,950
Family of 2 $33,100
Family of 3 $37,250
Family of 4 $41,350
Family of 5 $44,700
Family of 6 $48,000
Family of 7 $51,300
Family of 8 $54,600



Waco Housing & Community Development>>

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