What organizations are eligible to apply for homeownership voucher funding from HUD?
HUD does not provide new funding for homeownership assistance. If a PHA chooses to provide homeownership vouchers, they use funds available under the housing choice voucher program. Are PHA’s 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 inter
