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MCDC manages a Mortgage Principal Reduction Program (MPRP) to help reduce the overall cost of purchasing a home built by our sister company, Midland Community Housing Development Organization (MCHDO). We offer up to $25,000 in MPRP assistance to qualified buyers. Working with our HUD-Certified Housing Counselor (Home Pre-Purchase Consultant), you’ll have a trained professional working with you to develop a step-by-step process to achieve your homeownership dreams. The MPRP is open to low-to-moderate income households (income guideline chart is available below) and full-time employees of the City of Midland, Midland Memorial Hospital, and Midland Independent School District, regardless of their income.*
*Please note: Homebuyers utilizing the MPRP must reside in the purchased home as their primary residence for 10 years, or the assistance will need to be repaid on a prorated basis.
| FY 2025 Income Limit Category | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Very Low (50%) Income Limits ($) see more detail | 38,650 | 44,200 | 49,700 | 55,200 | 59,650 | 64,050 | 68,450 | 72,900 |
| Extremely Low (50%) Income Limits ($) see more detail | 23,200 | 26,500 | 29,800 | 33,100 | 37,650 | 43,150 | 48,650 | 54,150 |
| Low (80%) Income Limits ($) see more detail | 61,850 | 70,650 | 79,500 | 88,300 | 95,400 | 102,450 | 109,500 | 116,600 |
Through a one-on-one consultation, we screen for services and programs you may be eligible for. Complete the application to get started.