Housing Authority of the City of Fort Lauderdale
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Housing Authority of the City of Fort Lauderdale

Housing Choice Voucher Homeownership Option

homeownership 2.jpgFamilies that have been determined eligible for voucher assistance have the option to purchase a home rather than renting.

  • Families may choose a house for purchase anywhere in Broward County
  • Monthly assistance with Homeownership expenses for up to 15 years
  • Property will be inspected by the HACFL and your own inspector
  • Possible grant available for down payment from other agencies
  • Must attend Homeownership counseling workshops

MINUMUM REQUIREMENT INCLUDE BUT ARE NOT LIMITED TO:

  • homeownership 3.jpgCurrently participating in the Housing Choice Voucher Program in the City of Fort Lauderdale
  • Must qualify for conventional, FHA or VA mortgage loan.
  • Must be a first- time Homebuyer.
  • Total income must be at least $15,000 per year. Disabled and /or elderly are exempt from this requirement.
  • Must have be employed full- time continuously for at least one year.
  • Must put minimum down payment of 3% of the purchase price and 1% must be the purchases on funds.
  • FSS/WFW participants will be given a preference.
  • Must be in good standing with the Agency

If you are interesting in participating on this program, please call Ana Hernandez at (954) 556-4100 Ext. 1305.

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