Dallas Housing Authority Housing Choice Voucher (HCV) Homeownership Program
Dallas Housing Authority Housing Choice Voucher (HCV) Homeownership Program
Program Category
Additional Options
Max Amount
N/A
Contact Info
214-951-8370
info@dhantx.com
info@dhantx.com
Program Details
Buyer contribution type
Income calc method
Compliance Income
First mortgage types
Fannie Mae,FHA 203(b),VA
First mortgage terms
Fully Amortizing,Fixed Rate,15-year,20-year,25-year,30-year
Property types
Single Family Detached, Condo, 1/2 Duplex, Townhome/PUD, Manufactured Home
Repayment triggers
Loan Forgiveness
No
Program Guide
Summary:
https://dhantx.com/applicants/public-housing/properties/Overview:
https://dhantx.com/resident-empowerment/homeownership/Income (2024):
https://dhantx.com/wp-content/uploads/2024/05/DHA_ProgramComparison_IncomeEligibility_2024_05_13.pdfLimitations
Types of properties eligible for homeownership program are new construction, pre-owned and manufactured homes; NO FORECLOSURES allowed that do not meet HQS/MHS inspection requirements.
The head of household must be a current Dallas Housing Authority Housing Choice Voucher program participant.
Must be employed on a full-time basis (defined to mean not less than an average of 30 hours per week), and continuously employed for at least one year and the annual income of at least one household member must be equal to or greater than the federal minimum hourly wage multiplied by 2000 hours (except for elderly/disabled households).
The elderly (defined as 62 years of age or older) and disabled are exempt from the employment requirements. Elderly /disabled annual income must be equal to the minimum monthly Federal Social Security or Supplemental Security Income multiplied by 12.
Buyer must be a first-time home buyer.
The head of household must be a current Dallas Housing Authority Housing Choice Voucher program participant.
Must be employed on a full-time basis (defined to mean not less than an average of 30 hours per week), and continuously employed for at least one year and the annual income of at least one household member must be equal to or greater than the federal minimum hourly wage multiplied by 2000 hours (except for elderly/disabled households).
The elderly (defined as 62 years of age or older) and disabled are exempt from the employment requirements. Elderly /disabled annual income must be equal to the minimum monthly Federal Social Security or Supplemental Security Income multiplied by 12.
Buyer must be a first-time home buyer.
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