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. Funding comes from HUD Housing Choice Voucher / Section 8 federal funding.

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.

Calcasieu Parish HCV Homeownership Program 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. On credit, the program states: Not publicly specified; ability to repay required. A homebuyer education course is required, through Calcasieu Parish Housing Counseling Agency (HUD-approved); Project Build a Future. Residency requirement: Must be current Section 8 or FSS participant or eligible applicant in Calcasieu Parish. Citizenship or immigration status: Must be U.S. citizen or eligible non-citizen. Must be current HCV or FSS participant or eligible applicant. This is the parish-level Calcasieu Parish Police Jury program (distinct from City of Lake Charles). eHome America online portal: ehomeamerica.org/cppj.

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.

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.

Calcasieu Parish HCV Homeownership Program 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.

Calcasieu Parish HCV Homeownership Program serves homebuyers purchasing in Lake Charles, Louisiana.

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. 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.