Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option)

What is Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option)?

Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) is a grant for homebuyers in Montgomery County, Pennsylvania, administered by Montgomery County Housing Authority (MCHA).

• The Montgomery County Housing Authority (MCHA) Homeownership Program lets current Housing Choice Voucher (Section 8) holders transition from renting to homeownership. It provides up to a 10% grant (8% toward closing costs, 2% toward down payment) plus a monthly mortgage subsidy, as a 0% interest, 8-year term subordinate loan with a deed restriction. It targets very-low-income households (30%-50% AMI) and requires mandatory pre- and post-purchase counseling.
• Up to 10% grant (8% closing + 2% down payment).
• Ongoing monthly mortgage subsidy.
• 0% interest, 8-year term.
• Pre- and post-purchase counseling.
• Pathway from Section 8 renting to ownership.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from Federal Housing Choice Voucher (Section 8) Homeownership program funds administered by MCHA.

How much assistance does it provide?

Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) provides assistance worth 10% of the purchase price, as set by the program.

• Award tiers: Up to 10% total: 8% closing costs + 2% down payment, plus monthly mortgage subsidy.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — Montgomery County Housing Authority (MCHA) determines any individual award.

Do you have to pay it back?

Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) is structured as a grant, so it is not repaid.

• Repayment is triggered by Repaid if the home is sold, refinanced, rented, or transferred within 8 years.
• The assistance is recorded in Second mortgage (subordinate, with deed restriction) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) limits household income to 50% of the area median income, which varies by county and household size.

• Household income between 30% and 50% of area median income (very low income), consistent with Housing Choice Voucher eligibility.
• 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?

Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) can be used for Single Family.

Where does it apply?

Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) is a federal program, so it is not limited to Pennsylvania.

How do you apply?

Applications for Montgomery County Housing Authority Homeownership Program (Housing Choice Voucher Homeownership Option) go through Montgomery County Housing Authority (MCHA), 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 Mandatory pre- and post-purchase counseling..

2. 2

   Contact Montgomery County Housing Authority (MCHA) 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.