Housing Choice Voucher Homeownership Program (HCVH)
This program offers eligible participants in the HCVH program an option to
own their own home, using their Housing Choice Voucher. Families are selected through a Commission approved random selection process They must be a current HCV Program Recipient The minimum income is $24,000 The family must meet the minimum down payment of 3% of purchase price,
1% must come from family’s personal resources You must work at least 30 hrs per week and employed for at least one year* The families must participate in Family Self Sufficiency Program (FSS)
– at least two years)* The family must complete homeownership counseling provided by HOC or an agency approved
by HUD and or HOC prior to homeownership assistance The family can not have any outstanding debt to HOC or any other Housing Agency The family must be a first time homebuyer, and no member of the household can have
ownership interest in a residence If previously married and you owned a home with your spouse, and now you are a single parent,
displaced homemaker, you will be considered as a first time homebuyer
*Elderly or disabled are exempt from some requirements
The program is currently CLOSED
April 26, 2006
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Housing Opportunities Commission Homeownership Program
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