Section 8
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Section 8 Homeownership Program Guidelines
The Housing Choice Voucher (HCV) homeownership program allows families that are assisted under the HCV program to use their voucher to buy a home and receive monthly assistance in meeting homeownership expenses.
To participate in Norwalk Housing Authority's HCV Homeownership Program, you MUST:
- Be a Norwalk Housing Authority Section 8 Housing Choice Voucher holder for at least one year
- Qualify as a First-Time Home Buyer
- Meet the Employment Requirement
- Meet the Income Requirements
- Be in good standing with Norwalk Housing Authority
- Have at least $6,000 in a non-retirement savings account
- Have required down payment of 3% of home purchase price
- Complete a HUD-certified First-Time Homebuyer's Certification Program within one year of purchase (Find one here: HUD Housing Counseling)
- Secure a home loan and a home that meets the criteria for voucher homeownership assistance (Find a list of CHFA-participating lenders here: CHFA Participating Lenders)
For more info, please contact (203) 354-1840