Boise City/Ada County Housing Authority Housing Choice Voucher Homeownership Option (HCVHO)

Boise City/Ada County Housing Authority Housing Choice Voucher Homeownership Option (HCVHO) is down payment assistance for homebuyers in Boise, Idaho, administered by Boise City/Ada County Housing Authorities (BCACHA). The Housing Choice Voucher Homeownership Option (HCVHO) allows eligible families participating in or graduated from BCACHA's Family Self-Sufficiency (FSS) program to use their Section 8 voucher subsidy toward monthly homeownership/mortgage expenses instead of rent. Primarily designed for working families; elderly and disabled persons also qualify. Serves Ada County. Monthly housing assistance payment (HAP) applied toward the family's homeownership expenses (mortgage, taxes, insurance) instead of rent. Funding comes from U.S. HUD Housing Choice Voucher (Section 8) program.

Boise City/Ada County Housing Authority Housing Choice Voucher Homeownership Option (HCVHO) is down payment assistance and is repaid under the terms set by Boise City/Ada County Housing Authorities (BCACHA). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Boise City/Ada County Housing Authority Housing Choice Voucher Homeownership Option (HCVHO) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. Residency requirement: Must have been a Housing Choice Voucher rental participant for at least one year within Ada County. Applicant must be a first-time homeowner with a household member who is a current FSS participant (at least one year) or FSS graduate, and must have been a Housing Choice Voucher rental participant for at least one year within Ada County. Minimum income and employment requirements apply. This is ongoing monthly payment assistance, not a lump-sum down payment grant.

Boise City/Ada County Housing Authority Housing Choice Voucher Homeownership Option (HCVHO) names homebuyers 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.

Boise City/Ada County Housing Authority Housing Choice Voucher Homeownership Option (HCVHO) serves homebuyers purchasing in Boise, Idaho.

Applications for Boise City/Ada County Housing Authority Housing Choice Voucher Homeownership Option (HCVHO) go through Boise City/Ada County Housing Authorities (BCACHA), which publishes the current terms and the application steps on its own site. Funds are reserved through Application/inquiry through BCACHA; limited to qualifying FSS/HCV participants. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.