FAMILY QUALIFICATIONS FOR THE HABD SECTION
8 HOMEOWNERSHIP PROGRAM
The family must meet the general requirements for admission to
or continued participation in the HABD Section 8 tenant-based
programs outlined in the Section 8 Administrative Plan.
Section 8 program families must be in full compliance with their
lease and the Section 8 Housing Choice Voucher program requirements
and must terminate their current lease arrangement in compliance
with the lease.
head of household or spouse must not have previously defaulted
on a mortgage securing debt to purchase a home under the homeownership
The family must be a first time homeowner, i.e.
... a family member must not have owned title to a principal residence
in the last three years before commencement of homeownership assistance
for the family under the homeownership program. First time
homeowner also includes a single parent or displaced homemaker
who, while married, owned a home with his or her spouse, or resided
in a home owned by his or her spouse.
The family must enroll in the HABD designated pre- and post-purchase
homeownership counseling programs and be deemed to be mortgage
ready before a homeownership voucher will be issued.
The head of household or spouse must be employed full-time (not
less than an average of 30 hours per week) and have been continuously
so employed during the year before commencement of homeownership
assistance. Families in which the head of household or spouse
are disabled or elderly are exempt from this requirement. Families
with a disabled household member may request an exemption from
this requirement as a reasonable accommodation that will be granted
upon determination by HABD of the need to do so.
The annual gross income of the adult family members who will own
the home at the commencement of homeownership assistance must
be equal to the federal minimum wage multiplied by 2,000 hours.
The minimum income requirement only applies at the time the family
receives homeownership assistance. Public assistance income may
not be used to meet this requirement, except for households in
which the head or spouse is elderly or disabled and households
that include a disabled person other than head or spouse. (Public
Assistance includes federal housing assistance or the housing
component of a welfare grant; TANF assistance; SSI that is subject
to an income eligibility test; food stamps; general assistance
or other assistance provided under a Federal, state or local program
that provides assistance to meet family living or housing expenses.)
The program gives priority to Section 8 families who are enrolled
in HABDs Family Self Sufficiency Program.
The minimum homeowner down payment for participation in the HABD
Section 8 Homeownership Program is at least three percent of the
purchase price, with at least one percent of the purchase price
coming from the familys personal resources.