Section 8 Homeownership
MHA WILL NOT BE TAKING NEW APPLICATIONS FOR THIS PROGRAM UNTIL FURTHER NOTICE.
MHA is excited to be able to offer a Section 8 Homeownership program! In some circumstances, active Section 8 participants may use their Section 8 voucher toward a monthly mortgage payment.
In these uncertain economic times, the ability to use the monthly Section 8 subsidy to help pay a mortgage payment makes a lot of sense. However, there are several criteria that must be met before MHA can approve an application. Because privately owned banks actually approve Section 8 homeownership loans, the credit requirements are strict. Also, to make a loan, banks require that an applicant have a good paying job, or in the case of a disabled individual, a stable source of monthly income (such as SSI).
Please review the following material carefully to see if you may qualify. If you think you do, please call MHA at 752-5000 and someone will be glad to help you begin your journey toward homeownership!