HCV Homeownership Program Requirements
The Housing Choice Voucher (HCV) Homeownership Program allows eligible HCV (more commonly known as Section 8) holders to use their voucher to help buy a home. Instead of paying rent, participants receive monthly assistance to cover homeownership costs, such as mortgage payments, property taxes, and insurance.
🌟 Who Can Participate?
To qualify for homeownership assistance through the Norwalk Housing Authority's HCV Homeownership Program, families must:
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Be admitted to the Housing Choice Voucher Program
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Qualify as a first-time homeowner
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Meet the employment and income requirements
- Complete a HUD-certified First-Time Homebuyer Certification Program
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Be in good standing with Norwalk Housing Authority
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Have savings of $6,000 or more in a non-retirement bank account
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Prequalify for a home loan and find a home that meets voucher eligibility
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Provide a 3% down payment on purchase price of home (at least 1% coming from family's personal resources)
- Meet additional eligibility requirements
🏠 Why Choose Homeownership?
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Build equity and long-term wealth
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Achieve greater housing stability
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Turn your voucher into an investment in your future
Ready to turn your voucher into homeownership?
Find out if you're eligible for the HCV Homeownership Program and start your journey to owning a home today!
📞 Call (203) 354-1840 for more information and to get started.