NACA Homeownership through Public Housing Assistance (HOT-PHA)

What is NACA Homeownership through Public Housing Assistance (HOT-PHA)?

NACA Homeownership through Public Housing Assistance (HOT-PHA) is a grant for homebuyers in Statewide, California.

• PHA Voucher payment + NACA Best in America Mortgage. No down, no closing costs, no PMI, below-market fixed rate. Voucher amount fluctuates with income changes, eliminating risk.
• Section 8 Housing Choice Voucher (HCV) recipients combine voucher with NACA's no-down-payment, no-PMI, below-market-rate mortgage. Voucher payment goes directly to lender. Borrower can become debt-free in 20 years or less.
• Funding comes from HUD Housing Choice Voucher Program + NACA.

Do you have to pay it back?

NACA Homeownership through Public Housing Assistance (HOT-PHA) is structured as a grant, so it is not repaid.

• Repayment is triggered by per first mortgage terms.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

NACA Homeownership through Public Housing Assistance (HOT-PHA) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

NACA Homeownership through Public Housing Assistance (HOT-PHA) sets its income limit as follows: HCV income criteria (PHA-set, very-low-income focus).

• 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?

NACA Homeownership through Public Housing Assistance (HOT-PHA) can be used for Single-family, Condo, Townhouse, 2-4 unit owner-occupied.

Where does it apply?

NACA Homeownership through Public Housing Assistance (HOT-PHA) serves buyers purchasing in Statewide, California.

How do you apply?

Applications for NACA Homeownership through Public Housing Assistance (HOT-PHA) go through the administering agency.

1. 1

   Take a homebuyer education course

   Required by the program, through Required - NACA homebuyer workshop.

2. 2

   Contact the administering agency 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.