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Boise City / Ada County
Housing Authority


Homeownership Program

HCVHO_1Boise City Ada County Housing Authority’s (BC/ACHA)  Homeownership Program is funded through the U.S. Department of Housing and Urban Development (HUD).  It is designed to promote and support homeownership for lower income families.  This is a voluntary program for families who are in the Family Self Sufficiency (FSS) Program. It allows eligible families to exchange their Section 8 rental voucher for a homeownership voucher.  Once a family purchases a home, their monthly subsidy is then applied toward their mortgage payment instead of toward rent.

There are several criteria a family must meet in order to be eligible for the Homeownership program.  To be considered, a family must have a Section 8 rental assistance voucher, and be a participant in the Family Self Sufficiency (FSS) Program.  The family must also meet certain employment requirements. All families are required to meet Federal minimum income requirements.  The head of household is responsible for attending home buyer education classes prior to purchasing a house.   It is required that each family invest, from their own resources, a minimum of one-percent of the purchase price of the home they are buying or $500.00; whichever amount is less.   All families must be in good standing with the Housing Authority.  Every year, families participating in the Homeownership program undergo an annual recertification, which reestablishes their eligibility for continued homeownership assistance. 
Transitioning from the rental voucher program to the homeownership program is usually challenging, however, BC/ACHA offers families guidance throughout the process.  Working closely with the Homeownership Coordinator, families are assisted with navigating the many obstacles they face, turning stumbling blocks into stepping stones toward homeownership.  One of the biggest hurdles for families may be qualifying for a home mortgage.  Often before they can take that step, the family has to resolve credit issues and/or pay off debt, which can be a lengthy process.  Once the family is pre-approved for a home loan they face the sometimes-difficult task of finding a house in their price range, which is also in good condition.  The program requires two pre-purchase inspections on a property; one through BC/ACHA and another through an independent housing inspector.  This helps ensure that the property is safe, sound and is not in need of immediate major repairs.

HCVHO_3Families, who have gone through the process and are now homeowners via the program, would agree that the rewards of homeownership are well worth the effort. The program can help make the dream of homeownership a reality for some struggling families.

Interested families should contact their FSS Coordinator. Not participating in FSS? Click here!

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Boise City/Ada County Housing Authority
1276 W River St., Suite 300,  Boise Idaho  83702
Phone:  (208) 345-4907     Fax:  (208) 345-4909     TTY:  (208) 363-9734
E-Mail: housing@bcacha.org

Content Last Updated 3/15/2017

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