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

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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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.

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First Time Homebuyer Programs in Georgia
The state of Georgia offers a variety of programs to assist first time home buyers. The programs are offered primarily through the Georgia Department of Community Affairs.

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First Time Homebuyer Programs in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was established in the year 1969 in an effort to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

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