Section 8 Homeownership

8 y can only be used in connection with units that are not currently under.

Section 8 homeownership. The section 8 y program is described separately in the pha s section 8 administration plan if applicable to the pha. You must call your local housing authority to see if they participate. Under section 8 qualified families can have a portion of their rent paid through what s called the housing choice voucher program.

Pha administration of the section 8 homeownership program differs from the tenant based rental program in many ways. Hcv homeownership regulations are found in sections 982 625 982 643. The details regarding the operation of the section 8 homeownership option are provided elsewhere in the preamble and the regulatory text.

See the housing choice voucher section 8 homeownership program summary below for details regarding implementation of a voucher homeownership program. Through the homeownership program eligible public housing residents and housing choice voucher section 8 participants use their housing subsidy toward a mortgage payment instead of rent. Statement of homeowner obligations.

What are housing choice vouchers. The housing authority can use that voucher to pay for monthly homeownership expenses. The hcr section 8 voucher home ownership program has evolved from a small pilot program in calendar year 2000 to its current status as a national leader in home ownership closings where section 8 voucher assistance is available and being used to help families obtain and retain a home of their own.

The homeownership voucher program is for families who currently have a section 8 voucher housing choice voucher hcv from a participating housing authority. The section 8 tenant based assistance. Housing choice vouchers fact sheet.

Section 8 homeownership program note. The housing choice voucher program is the federal government s major program for assisting very low income families the elderly and the disabled to afford decent safe and sanitary housing in the private market. The reasoning behind the homeownership program is that rather than giving that money to a landlord every month the government might as well allow recipients to use those same funds to buy a home instead.