Homeownership Program

HCHA’s Homeownership Program provides qualified Housing Choice Voucher (HCV) families with the opportunity to own a home. The process of purchasing a home through this program is similar to the conventional home buying process, and families can purchase a single family home, town home, condominium or cooperative anywhere within HCHA’s jurisdiction.

Most families utilize the voucher to pay a portion of their mortgage for up to 15 years – the same way families use a voucher to pay a portion of their rent. Other homeownership families are able to take on the full portion of their mortgage, and don’t require any financial assistance from HCHA. These families are able to transition directly into homeownership and out of subsidized housing.

In addition to financial assistance toward the mortgage payment, the program provides pre- and post-purchase home buyer education, credit counseling and other services to help families navigate the home-buying process and increase their chances of success. To qualify for this program the family must already have a HCV voucher and must:

  1. Be a first-time homeowner or cooperative member
  2. Earn at least $14,500 annually*
  3. Have been employed continuously on a full-time basis for at least one year
  4. Complete a pre-assistance homeownership and housing counseling program

*Seniors and persons with disabilities may be exempt from the minimum income requirement and may be eligible for an additional term of mortgage assistance.

Interested HCV participants can click here to learn more about HCHA’s Homeownership Program and Harris County’s Downpayment Assistance Program. HCHA clients who believe they are qualified should speak with their case manager to learn more or send an email to hcha@hchatexas.org.