Homeownership Program

Only families who are otherwise eligible to receive assistance under the Housing Choice Voucher Program may exercise the homeownership option.

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. The program is limited to first-time homeowners who have received housing counseling and meet the minimum income requirements.

If you are a Housing Choice Voucher holder and have the desire to own a home of your own, the Housing Choice Voucher Homeownership Program may be right for you.

The homeownership option is limited to 20 families of the total Section 8 voucher program administered by the McAllen Housing Commission in any fiscal year.

If you have any questions about the HCV Homeownership Program, please call our office at (956)686-3951.

These include:

be a first-time homeowner.
except for elderly and disabled households, meet a minimum income requirement without counting income from "welfare assistance" sources.
except for elderly and disabled households, meet the requisite employment criteria.
must be a current Housing Choice Voucher participant.
not have any outstanding debt owed to the McAllen Housing Commission or any other Housing Authority.
not have defaulted on a mortgage-securing debt to purchase a home under a similar homeownership program at another jurisdiction.
not have any current household family member who has a present ownership interest in a residence at the commencement of homeownership assistance.
meet other eligibility factors as required by the McAllen Housing Commission.