Participation in the Housing Choice Voucher (HCV) Home Ownership Program is voluntary. Each Home Ownership participant must meet the general requirements for admission to the HCV Program as set forth in EHA's Administrative Plan.
Each HCV family also must be "eligible" to participate in the Home Ownership Program. The additional eligibility requirements for participation in EHA's Home Ownership Program include that the family must:
Additional Eligibility Factors:
Applicants for the Home Ownership Program are required to participate in EHA's Family Self Sufficiency (FSS) program in order to participate in the Home Ownership Program. Participants in an Individual Development Account ("IDA") program administered by an agency other than EHA will receive a preference for home ownership assistance in the event applicants for homeownership assistance exceed five percent of EHA's total voucher program in any fiscal year.
Prior Mortgage Defaults:
If a head of household, spouse, or other adult household member who will execute the contract of sale or mortgage and loan documents has previously defaulted on a mortgage obtained through the HCV Home Ownership Program, the family will be ineligible to participate in the Home Ownership Program.
Family Participation Requirements:
Once the family is determined to be eligible to participate in the program, it must comply with the following additional requirements.
Termination of HCV Home Ownership Assistance:
Grounds for termination of the Home Ownership Assistance Program include, but are not limited to, failure to comply with Family Obligations under the HCV Program or EHA's Home Ownership Program.
A family's home ownership assistance may be terminated if:
Elkhart Housing Authority
1396 Benham Ave. Elkhart Indiana 46516