Housing Choice Voucher (HCV) Homeownership Program
U.S. Department of Housing and Urban Development
Program Overview
The HCV Homeownership Program enables eligible voucher holders to use their voucher to assist with monthly homeownership expenses. HUD provides special incentive fees to Public Housing Authorities to encourage participation.
Eligibility Requirements
Current Housing Choice Voucher participants. First-time homebuyers (generally). Must meet minimum income requirements and employment/training criteria. Must complete homeownership counseling.
Additional Requirements
Participation in Housing Choice Voucher program for minimum period. Completion of HUD-approved homeownership counseling. Employment verification or participation in job training program. Mortgage pre-qualification.
How to Apply
1. Contact your local Public Housing Authority (PHA) 2. Express interest in homeownership program 3. Complete homeownership counseling requirement 4. Obtain mortgage pre-qualification 5. Submit application to PHA 6. Work with PHA-approved lenders for financing