LA County Housing Authority Section 8 Homeownership Voucher Program

What is LA County Housing Authority Section 8 Homeownership Voucher Program?

LA County Housing Authority Section 8 Homeownership Voucher Program is a grant for homebuyers in Los Angeles County, California.

• Section 8 voucher-holders can convert rental subsidy to mortgage payment assistance for home purchase. HACoLA provides monthly homeownership assistance payments directly to lender.
• Down payment and/or closing cost assistance.
• Funding comes from HUD/Federal.

Do you have to pay it back?

LA County Housing Authority Section 8 Homeownership Voucher Program is structured as a grant, so it is not repaid.

• Repayment is triggered by Monthly payment or per loan terms and balloon at sale/refinance.
• The assistance is recorded in 2nd lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

LA County Housing Authority Section 8 Homeownership Voucher Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

LA County Housing Authority Section 8 Homeownership Voucher Program limits household income to 50% of the area median income, which varies by county and household size.

• Low income: household income ≤50% of Area Median Income (AMI).
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

LA County Housing Authority Section 8 Homeownership Voucher Program caps the purchase price as follows: Conforms to FHA/conventional loan limits for this county; contact program for current limits.

• Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

LA County Housing Authority Section 8 Homeownership Voucher Program serves buyers purchasing in Los Angeles County, California.

How do you apply?

Applications for LA County Housing Authority Section 8 Homeownership Voucher Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, 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.