Housing Choice Voucher Homeownership Option

Housing Choice Voucher holders [link] may qualify to apply their monthly housing assistance payment towards a mortgage payment instead of rent.

How It Works:

  1. Voucher recipients in good standing complete our homeownership coaching program.
  2. When you are mortgage-ready, you seek mortgage financing at the lender of your choice.
  3. Once you are pre-approved for a loan, you shop for a home, either on your own or with the help of a realtor.
  4. When you’ve found what you’re looking for, Housing Works performs a required Housing Quality Inspection (HQS) on your prospective residence.
  5. You sign closing documents and move into your new home.  Your monthly Housing Choice Voucher Homeownership payment is applied to a portion of your mortgage.

Are You Eligible?

  • You must be a Housing Choice Voucher participant in good standing: passing all inspections (HQS); in full compliance with your lease; no history of previous mortgage default; current on all payments to your landlord and/or Housing Works
  • Maintain full-time employment (average 30 hours/week) for one year prior to receiving Housing Choice Voucher Homeownership assistance (Elderly and disabled applicants are exempt from this requirement)
  • First-time homebuyers only (no ownership interest in the past three years) or a single parent or displaced homemaker who owned a home with his or her spouse

Contact the Family Self Sufficiency Program to find out more.