Monday, June 26, 2006
HUD Voucher Program
More than 5,000 low to moderate-income families have become homeowners thanks to the voucher homeownership program instituted by the U.S. Department of Housing and Urban Development (HUD). The results are outlined in the Voucher Homeownership Study (VHO) released by the agency.
Findings include:
• 85 percent of the PHAs provide pre-purchase counseling to program participants.
• In most programs, VHO purchasers have access to additional funding sources to help them buy homes.
• Only 4 percent of PHA respondents reported any foreclosures.
• VHO purchasers were primarily female heads of household (61 percent) with children (74 percent) and/or members of a minority group (58 percent).
• VHO programs serve a substantial proportion of people with disabilities at 32 percent.
For more information on local agencies that offer the housing vouchers, contact a local HUD office. A directory of Florida locations is published on HUD's Web site at: http://www.hud.gov/localoffices.cfm#FL
Findings include:
• 85 percent of the PHAs provide pre-purchase counseling to program participants.
• In most programs, VHO purchasers have access to additional funding sources to help them buy homes.
• Only 4 percent of PHA respondents reported any foreclosures.
• VHO purchasers were primarily female heads of household (61 percent) with children (74 percent) and/or members of a minority group (58 percent).
• VHO programs serve a substantial proportion of people with disabilities at 32 percent.
For more information on local agencies that offer the housing vouchers, contact a local HUD office. A directory of Florida locations is published on HUD's Web site at: http://www.hud.gov/localoffices.cfm#FL
