Housing Choice Voucher – Home Ownership Program

         Participation in the Section 8 Home Ownership Program is voluntary.  Each Section 8 Home Ownership participant must meet the general requirements for admissions to the Section 8 housing choice voucher program as set for in EHA’s Administrative Plan.  Such Section 8 family must be “eligible” to participate in the Home Ownership Program.

         The Edinburg Housing Authority will provide the following if the family qualifies for the Home Ownership Program:

  • Monthly home ownership assistance payments

Who can qualify?

  1. Must be a first-time homebuyer

  2. Must be in Section 8 for at least one year.

  3. Must meet minimum income requirement. Except in the case of disabled families, the qualified annual income of the adult family members who will own the home must not be less than the Federal minimum hourly wage multiplied by 2,000 hours. For disabled families, the qualified annual income of the adult family members who will own the home must not be less than the monthly Federal Supplemental Security Income (SSI) benefit for an individual living alone multiplied by 12.

  4. Must have a good and established credit. The bank will determine if family qualifies for loan.

  5. Must not be in default on a mortgage securing debt to purchase home under the homeownership option.

  6. Must not owe money to the Edinburg Housing Authority

  7. Must not have a present homeownership interest in a residence at the commencement of homeownership assistance for the purchase of the home.

  8. Must sign a contract of purchase and sale.

  9. The unit has to be eligible.

  10. Must complete satisfactorily the PHA Program of required pre-assistance homeownership counseling (home maintenance, budgeting, money management, credit counseling)

  11. Environmental requirements.  The PHA must comply with authorities of this title requiring the purchaser to obtain and maintain flood insurances for units in special flood hazard areas.