Are PHAs required to offer homeownership vouchers?
PHA’s may choose to administer a homeownership program, but are not required to do so. The PHA may impose limits on the size of this program, or limit use of the option to certain purposes. However, PHA’s must provide homeownership assistance when required as a reasonable accommodation to a family with a disabled person. What are monthly homeownership expenses? Monthly homeownership expenses include: 1. Mortgage principal and interest, 2. Mortgage insurance premium, 3. Real estate taxes and homeowner insurance, 4. PHA allowance for utilities, 5. PHA allowance for routine maintenance costs, 6. PHA allowance for major repairs and replacements, 7. Principal and interest on debt to finance major repairs and replacements for the home, and 8. Principal and interest on debt to finance costs to make the home accessible for a family member with disabilities if the PHA determines it is needed as a reason-able accommodation. How much financial assistance can PHA’s provide in each voucher? The PHA
