Baltimore's Housing Choice Voucher Homeownership Program

The Housing Authority of Baltimore City (HABC) is pleased that you are interested in the Housing Choice Voucher Homeownership Program (HCVHP). Please be advised that this is an optional program for Housing Choice Voucher (HCV) holders. Housing Choice Voucher holders are not mandated nor are they required to participate in this program. Furthermore, all Housing Choice Voucher holders may not qualify or be deemed eligible to participate in the program.

The Housing Choice Voucher Homeownership Program is a federally funded, locally administered homeownership assistance program that helps families, the elderly and the disabled afford to purchase decent, safe housing in the private market.

Homeownership Requirements

- Must attend homeownership counseling

- Must receive a homeownership certificate from a HUD approved housing counseling agency.

- Must ratify a sales contract within 120 days and must settle within 180 days

- Must obtain a mortgage from a lender

- Property must be a single family home

- Must pass both a HQS and Private Home Inspection

- Must contribute 3% toward the purchase (1% must be from personal funds)

- Property purchased must be buyer's primary residence

Housing Choice Voucher Homeownership Program Qualifications

- Participated in the Housing Choice Voucher Program for over 1year

- Must remain eligible to participate in the Housing Choice Voucher Program

- Must be a first-time Home buyer

- Must have over a year of continuous full-time employment (no less than 30hrs a week)

- Must meet Minimal Income Requirement

- No outstanding debts owed to HABC

- No Housing Quality Standard (HQS) violations within the last year

- No lease violations within the last 3 years

- See FAQ for additional requirements

 

HCVP Landlords

- Get answers to Frequently Asked Questions

To receive assistance the Homeownership Coordinator must review and approve the:

- Loan Product

- Participant's Affordability

- Property Selection

- Sales Contract

- HQS and Private Home Inspection Report

Homeownership Required Courses includes but are not limited to:

- Home Maintenance

- Budgeting & Money Management

- Credit

- Housing & Community Search

- Benefits of Mix-Income Communities

- Negotiating Purchase Price

- Mortgage Programs/Products (Pros & Cons)

- RESPA & Predatory Lending