Section 8 Home Ownership Program

Ang Section 8 Home Ownership Program ay isang grant para sa mga bibili ng bahay sa Yuma, Arizona. HUD Housing Choice Voucher Homeownership Option administered locally by the Housing Authority of the City of Yuma (HACY). Rather than a closing-table grant, the program converts a family's monthly Section 8 rental subsidy into a monthly homeownership assistance payment that helps cover the family's mortgage and housing costs. Operated in conjunction with HACY's Family Self-Sufficiency (FSS) program; FSS escrow earned during the rental period is typically used as the down payment, often leveraged by partner programs (WISH/IDEA) at $4-to-$1 match up to $22,000. HACY received the HUD Phoenix Field Office's MVP Award in 2008 and 2013 for this program. Existing HACY Housing Choice Voucher (Section 8) holders may use their monthly voucher subsidy toward homeownership expenses (mortgage principal, interest, taxes, insurance, utilities, HOA, and maintenance allowance) instead of rent. Subsidy continues monthly for up to 10 years (15 years if first mortgage term is 20+ years). Elderly or disabled families have no maximum term. The Family Self-Sufficiency (FSS) escrow plus partner programs (WISH/IDEA) can provide matched down-payment funds — up to $4 in match for every $1 of FSS escrow, capped at $22,000. Ang pondo ay mula sa HUD Housing Choice Voucher (Section 8) Annual Contributions Contract (ACC) funding.

Ang Section 8 Home Ownership Program ay isang grant, kaya hindi ito binabayaran. Kailangang bayaran kapag may Not applicable — this is a monthly subsidy, not a repayable loan. Subsidy ends if family violates program rules, sells the home, ceases owner-occupancy, exceeds income limits, or reaches the maximum term (10 or 15 years at no limit for elderly/disabled). Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Section 8 Home Ownership Program sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": Displaced homemakers, single parents, cooperative members, and disabled families are exempt from the three-year first-time-buyer rule. Tungkol sa credit, sinasabi ng programa: Set by first-mortgage lender; HACY has no separate program credit-score minimum. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng WACOG (Western Arizona Council of Governments); HACY FSS Homeownership Coordinator; HUD-approved counseling agencies. Requirement sa paninirahan: Family must be a current HACY Section 8 Housing Choice Voucher participant; home must be located in HACY's jurisdiction (City of Yuma) or in an area where the family ports the voucher with receiving-PHA agreement. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen with qualifying immigration status (HUD requirement). Must be a current HACY Housing Choice Voucher (Section 8) participant in good standing. Must have completed initial Section 8 lease term (one year continuous tenancy). Must be a first-time homebuyer (no ownership in the past three years), with exceptions for displaced homemakers, single parents, cooperative members, and disabled families. Head of household, spouse, or other adult owner must meet minimum annual income equal to local minimum wage x 30 hours/week x 52 weeks (welfare assistance not counted toward minimum income, except for disabled/elderly heads). Disabled-family minimum income is the monthly Federal SSI benefit x 12. Must be continuously employed at least 30 hours/week for at least one year prior to homeownership commencement (employment requirement waived for elderly/disabled families). Mandatory pre-purchase homeownership counseling. Home must pass an independent professional inspection and HUD HQS inspection. Family must obtain a fixed-rate or HUD-approved ARM first mortgage. Maximum homeownership assistance term: 10 years (15 years if first mortgage term is 20+ years); no time limit for elderly or disabled families. Program limited to 5% of HACY's authorized Section 8 voucher units, excluding elderly/disabled families.

Nililimitahan ng Section 8 Home Ownership Program ang kita ng sambahayan sa 50% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Family must already be an admitted Housing Choice Voucher participant (initial admission requires income at or below 50% AMI; up to 80% AMI for current participants). Minimum income: local Yuma minimum wage x 30 hours x 52 weeks (welfare income excluded except for elderly/disabled). Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Section 8 Home Ownership Program ang presyo ng pagbili: No program purchase-price cap, but the home must be supported by the voucher subsidy and pass HQS plus an independent inspection. Family must demonstrate ability to afford ongoing housing costs. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, condo, townhome, cooperative, and manufactured home on owned land — all subject to HQS and independent inspection. Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Section 8 Home Ownership Program ang mga bibili ng bahay sa Yuma, Arizona.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Section 8 Home Ownership Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Application through HACY FSS / Homeownership Coordinator; limited to current voucher holders meeting eligibility criteria. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.