Housing Choice Voucher Homeownership Option (SICHA)

Housing Choice Voucher Homeownership Option (SICHA) is down payment assistance for homebuyers in Middleton, Idaho, administered by Southwestern Idaho Cooperative Housing Authority (SICHA). SICHA's Housing Choice Voucher Homeownership Option (HCVHO) lets qualifying Section 8 rental-assistance families in Canyon, Gem, or Elmore County apply their voucher toward a monthly mortgage payment instead of rent. Administered locally by SICHA with HUD funds under 24 CFR 982.625. Monthly mortgage subsidy in place of rent subsidy. Available to existing Section 8 participants. Homeownership coordinator support. Settlement costs may be covered by non-profit grant funds. Funding comes from HUD Section 8 Housing Choice Voucher funds (24 CFR 982.625).

Housing Choice Voucher Homeownership Option (SICHA) is down payment assistance and is repaid under the terms set by Southwestern Idaho Cooperative Housing Authority (SICHA). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Housing Choice Voucher Homeownership Option (SICHA) is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required. Residency requirement: Must be a current Section 8 HCV participant in good standing for at least one year, receiving rental assistance in Canyon, Gem, or Elmore County. HCV participant in good standing for >=1 year. Minimum income: disabled/elderly = annual SSI x 12; others = federal minimum wage x 2,000 hrs. Non-disabled/non-elderly families must have one adult homebuyer employed full-time (>=30 hrs/wk avg) for >=1 year. Lender pre-approval letter required; must sign Statement of Homeowner Obligations and complete homebuyer education before the purchase agreement.

Housing Choice Voucher Homeownership Option (SICHA) can be used for Single Family, Townhouse, and Condo. New construction is eligible.

Housing Choice Voucher Homeownership Option (SICHA) 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.

Housing Choice Voucher Homeownership Option (SICHA) serves homebuyers purchasing in Middleton, Idaho.

Applications for Housing Choice Voucher Homeownership Option (SICHA) go through Southwestern Idaho Cooperative Housing Authority (SICHA), which publishes the current terms and the application steps on its own site. 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.