For more information, contact:
(360) 423-0140 extension 33
Participation in the Section 8 Home-ownership Program is voluntary. In addition to being an HCV (Section 8) participant in good standanding, each participant must meet the following eligibility requirements;
1. Participate in the Section 8 Advantage (formerly FSS) Program
Homeowners are required to participate in HOSWWA’s Section 8 Advantage (S8A) program or be former graduates of the program
2. First-time Homeowner
A "first-time homeowner" means that no member of the household has had an ownership interest in any residence during the three years preceding commencement of home ownership assistance. However, a single parent or displaced homemaker who, while married, owned a home with a spouse (or resided in a home owned by a spouse) is considered a “first-time homeowner”.
3. Employment History
The home owner (head of household) must be employed full-time (an average of 30 hours per week) and have been so continuously employed for one year prior to execution of the sales agreement.
4. Minimum Income Requirement
The family Income must be equal to or over the Federal minimum hourly wage multiplied by 2000 hours. (14,500).
5. Section 8 Participant in Good Standing
Section 8 families must have participated in the Section 8 Housing Choice Voucher program for one year and not owe money to HOSWWA or any other housing authority.
6. Down Payment
At a minimum, the participant will be required to provide three percent of the home purchase price as a down payment and at least one percent of the purchase price must come from the family’s personal resources, (i.e. savings, IDA account or S8A Savings)..
When you become a participant in the Section 8 Homeownership Program, you can expect:
Increased buying power to purchase a home.
Continued participation in the S8A Program.
Continue growing your S8A savings account (for S8A participants) that can be accessed for down payments, home repairs and improvements.
Comprehensive homeownership counseling and assistance that helps you with budgeting, financing, and buying a home from start to finish.
Referrals to pre-approved Lenders and Realtors.
For more information, please contact:
Housing Opportunities of SW Washington
820 11th Ave.
Longview, WA 98632
(360) 423-0140 x 33