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Housing Choice Voucher (HCV) Homeownership Program

If you currently hold a Section 8/Housing Choice Voucher (HCV) issued through SPHA and are interested in buying a home, you may be eligible for assistance through our new HCV Homeownership program! This program creates a pathway to homeownership for first-time home buyers by taking vouchers that typically subsidize rent and instead using them to subsidize mortgages. 


To participate in the HCV Homeownership program, your family must: 

  • Have a housing voucher issued by SPHA 
    • Your family must be a participant in the HCV program for at least one year 
  • Meet specific income and employment requirements: 
    • Your family must meet the Federal minimum income requirements 
    • At least one adult family member who will own the home must be currently employed full-time and must have been continuously employed for one year prior to homeownership assistance, unless elderly or disabled 
  • Be a first-time homeowner as defined in the regulation 
  • Abide by any other applicable program guidelines 


Once your program eligibility is determined by SPHA staff, you must attend and satisfactorily complete the pre-assistance homeownership and housing counseling program required by SPHA. 

When the counseling program is complete, you will be ready to seek financing for the purchase of your first home from the lender of your choice. SPHA is also working in partnership with local banks, realtors, lenders, and mortgage brokers to help ensure that you can successfully move from rental housing to homeownership. 


If you would like to learn more, please contact your Section 8/HCV Specialist.