HABD Housing Choice Voucher (HCV) Homeownership Program

What is HABD Housing Choice Voucher (HCV) Homeownership Program?

HABD Housing Choice Voucher (HCV) Homeownership Program is down payment assistance for homebuyers in Birmingham, Alabama, administered by Housing Authority of the Birmingham District (HABD).

• HABD's Housing Choice Voucher (HCV)/Section 8 Homeownership Program allows qualified voucher holders to apply their housing assistance toward monthly mortgage payments instead of rent. It includes homebuyer education and counseling, eligibility screening and pre-purchase readiness, budgeting/credit counseling, assistance securing mortgage financing, and post-purchase support. Open to first-time homebuyers meeting income, employment, and credit criteria; elderly and disabled participants may qualify under different requirements.
• Voucher applied toward monthly mortgage payments instead of rent.
• Homebuyer education and counseling.
• Credit counseling and financial planning.
• Assistance securing mortgage financing.
• Post-purchase support.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from HUD Housing Choice Voucher (Section 8) program.

Do you have to pay it back?

HABD Housing Choice Voucher (HCV) Homeownership Program is down payment assistance and is repaid under the terms set by Housing Authority of the Birmingham District (HABD).

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

HABD Housing Choice Voucher (HCV) Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

HABD Housing Choice Voucher (HCV) Homeownership Program sets its income limit as follows: Must be an eligible Housing Choice Voucher participant meeting HUD/HABD income, employment, and credit criteria.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

HABD Housing Choice Voucher (HCV) Homeownership Program can be used for Single Family.

Is there eligibility for specific groups?

HABD Housing Choice Voucher (HCV) Homeownership Program names buyers with disabilities among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

HABD Housing Choice Voucher (HCV) Homeownership Program is a federal program, so it is not limited to Alabama.

How do you apply?

Applications for HABD Housing Choice Voucher (HCV) Homeownership Program go through Housing Authority of the Birmingham District (HABD), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HABD homebuyer education and counseling.

2. 2

   Contact Housing Authority of the Birmingham District (HABD) to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.