The use of Housing Choice Vouchers for homeownership will give many individuals and families of low incomes the opportunity to purchase their own homes.
Participants in the Housing Choice homeownership program may use their Housing Choice vouchers to make monthly mortgage payments for a maximum term of fifteen (15) years on a mortgage loan of twenty (20) years or more. Mortgage loans for less than twenty years may be subsidized for a maximum term of ten years. The final rule provides that the maximum term limit does not apply to elderly (being 62 or older) or disabled families.
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Contact: Homeownership Division
Additional Information: Please see website for more details on program requirements.