Section 8 HCV Homeownership
Section 8 Housing Choice
Voucher (HCV) Homeownership is a subsidy program under which a voucher is used
to help purchase a home for current AAHC HCV participants in Washtenaw and
Monroe counties. The participant is free to choose any housing that meets
the requirements of the program.
A family that is issued a
homeownership voucher is responsible for locating a lender for mortgage
approval and finding a suitable home of the family's choice. Homes must meet
minimum standards of health and safety, as determined by the AAHC.
A housing subsidy is paid by
the AAHC on behalf of the participating family. The family then pays the
difference between the actual monthly mortgage including any other homeowner
expense and the amount subsidized by the program.
Eligibility: To be eligible, participants must be a current AAHC Voucher holder and must meet the income and employment guidelines, based on family size. The household member must meet screening criteria for program approval.
Please Note: Current Voucher families must be pre-approved by AAHC for the Homeownership Vocher program prior to purchasing a home.