Section 8 Housing Choice Voucher Homeownership Program
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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
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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 Arkansas
The Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.

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Homeownership Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.

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Downpayment Assistance Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been running the Downpayment Assistance Program in order to financially assist first time home buyers in the process of covering the downpayment and closing costs of purchasing a home.

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Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.

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