Section 8 Home Ownership

The Section 8 Home Ownership Program helps first time homebuyers to meet their monthly mortgage and home ownership expenses. A potential purchaser is qualified through the local public housing agency by meeting particular income and eligibility requirements.

Monthly home ownership expenses that are covered by the Section 8 Home Ownership Program include mortgage principal and interest, mortgage insurance premium, real estate taxes and homeowner insurance, and utilities. Generally, a family will contribute 30% of its adjusted monthly income toward the housing. The remainder of the cost is covered through the housing assistance vouchers.

Housing Action Council works with Yonkers Municipal Housing Authority and Westchester County to provide counseling to perspective purchasers under their Section 8 Home Ownership Programs. To date, six households utilizing the Section 8 Home Ownership Program were assisted by Housing Action Council to become homeowners.

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