Homeownership

The HCV homeownership program allows families who are assisted under the HCV program to use their voucher to buy a home and receive monthly assistance in meeting homeownership expenses.

HCV participants must meet all of the requirements listed below. Contact your caseworker for more information.

Qualifications for HCV Homeownership:

• Must be current HCV participant in good standing
• Must qualify as a first-time homeowner or may be a co-operative member
• Attend and satisfactorily complete the pre-assistance homeownership and housing counseling program required by the PHA
• At least one adult family member who will own the home must be currently employed full-time and must have been continuously employed for one year prior to homeownership assistance
• The federal minimum employment requirement does not apply to seniors or persons with disabilities
• Any family member who has previously defaulted on a mortgage obtained through the NRHA homeownership option is barred from receiving future homeownership assistance