HCV Homeownership Program

Download the HCV Homeownership Brochure

The Housing Choice Voucher Homeownership Program enables a family to use their monthly housing assistance voucher subsidy to help pay the mortgage on their home. This program is only available to families who are participating in the HCV Family Self Sufficiency Program.

Families must provide third-party, written documentation that they meet all of the following criteria before they begin a home search under the HCV Homeownership Program:

  • Completion of HUD-certified Homebuyer Education and Financial Literacy courses within the last 12 months;
  • Continuous, full-time employment (at least 30 hours a week) for the previous 12 months, with an annual income of $18,000 or more (disabled persons are exempt from employment requirement);
  • A credit score of 640 or higher;
  • Savings of at least $3,500 ($2,000 for disabled persons), held in an account in your name;
  • Currently on month-to-month status or within the last two months of a rental contract with your current landlord; and
  • Meet FHA first-time homebuyer qualifications
    (see: http://findamortgage.com/online.resource/hud.first.time.homebuyer.asp).

For more information about the Homeownership Program, please contact:

Andréa Rankin
Senior Family Self-Sufficiency Coordinator
614-421-6075
arankin@cmhanet.com

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