Section 8 Housing Choice Voucher Homeownership Program
Page 2

1) Borrowers who are Section 8 voucher holders that have been approved by their local Public Housing Authority

2) Borrowers who are first time homebuyers (people who have not owned or occupied a single residence within the last three years) or borrowers who are non-first time homebuyers but are looking to acquire a home in a targeted area

3) Borrowers whose annual income does not go beyond the limits ($81,000) that are set by the Connecticut Housing Finance Agency

4) Borrowers who have a reputable credit history

5) Borrowers who have a sufficient funds and a stable income to cover long-term mortgage fees

The properties that are eligible for purchase under the Section 8 Housing Choice Voucher Homeownership Program are the following:

1) Existing and new single-family homes, townhouses and Planned Unit Developments

2) Newly built homes that respectively meet the energy efficiency standards which are set by the United States Federal Housing Authority

3) Condominiums that are approved by the CHFA

4) Two- to four-family homes which have been utilized as residences within the past five years; or newly constructed two-family homes that are located in targeted areas

The program can also be used in conjunction with the CHFA's Downpayment Assistance Program. To read more about the program guidelines and application requirements, interested borrowers can visit the CHFA's official website.

Section 8 Housing Choice Voucher Homeownership Program
  Back to Page 1

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

First Time Homebuyer Programs in Idaho
The Idaho Housing and Finance Association, otherwise referred t as IDFA, is Idaho's uniquely created and organized financial institution and administrator of affordable housing resources.

---

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---

California Housing Finance Agency
The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.

---

Government Grants within the United States Housing Sector
The government has established quite a slew of agencies that are specifically designed to administer housing programs and assist the needs of homebuyers, renters, and property developers.

---