Calcasieu Parish HCV Homeownership Program

What is Calcasieu Parish HCV Homeownership Program?

Calcasieu Parish HCV Homeownership Program is down payment assistance for homebuyers in Lake Charles, Louisiana, administered by Calcasieu Parish Police Jury — Housing Department.

• The Calcasieu Parish Housing Department administers a HUD Housing Choice Voucher (Section 8) Homeownership Program that allows current Section 8 or FSS participants to use their rental assistance voucher toward monthly mortgage payments on a purchased home. Must be employed full-time for at least one year (Elderly/Disabled exempt) and a first-time homebuyer. HUD-approved homebuyer education required.
• Voucher applied to mortgage payment.
• HUD-approved counseling.
• Free homebuyer education classes.
• Pathway from rental to ownership.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from HUD Housing Choice Voucher / Section 8 federal funding.

Do you have to pay it back?

Calcasieu Parish HCV Homeownership Program is down payment assistance and is repaid under the terms set by Calcasieu Parish Police Jury — Housing Department.

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

Who qualifies?

Calcasieu Parish 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?

Calcasieu Parish HCV Homeownership Program limits household income to 50% of the area median income, which varies by county and household size.

• 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?

Calcasieu Parish HCV Homeownership Program caps the purchase price as follows: HUD payment standard applies.

• Eligible property types include Single Family, Townhouse, and Condo.
• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

Calcasieu Parish 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?

Calcasieu Parish HCV Homeownership Program is a federal program, so it is not limited to Louisiana.

How do you apply?

Applications for Calcasieu Parish HCV Homeownership Program go through Calcasieu Parish Police Jury — Housing Department, 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 Calcasieu Parish Housing Counseling Agency (HUD-approved); Project Build a Future.

2. 2

   Contact Calcasieu Parish Police Jury — Housing Department 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.