A new housing program is giving first-time homebuyers and future real estate investors in the Greater Houston area a rare chance to own property. JB Thibodeaux Homes and Properties, in partnership with Prosperity Bank and the NAACP, has launched the JB Thibodeaux Duplex Flex Giveaway. The winner will receive a brand-new, income-producing duplex.
The giveaway is part of the First Home, First Investment initiative, which comes as rising interest rates—now between 6% and 7%—make it harder for many to buy homes. Nearly 15% of pending home sales across the country were canceled in May. Many buyers now spend more than a third of their income on housing.
Higher mortgage rates have increased monthly payments and made it more challenging for first-time buyers to enter the market. Historically, interest rates have played a big role in shaping homeownership trends.
The First Home, First Investment program removes the biggest hurdle for many buyers: the high upfront cost. It also offers a six-week training program that teaches participants about money management, buying a home, real estate investing, and building long-term wealth.
JB Thibodeaux Homes and Properties is leading the effort with support from Prosperity Bank and the NAACP. Program organizers say the giveaway is not just about providing a home—it’s about helping people build financial stability and future wealth.
