Homeownership

Voucher Homeownership Program

The Voucher Homeownership (VHO) Program is a component of Portland Housing Authority's (PHA) Housing Choice Voucher (HCV) program.

This program is designed to assist families in reaching the goal of homeownership, while having the security of housing assistance. The program is especially geared for those families who have insufficient income to save for a down payment but have steady income from wages or disability benefits.

The program allows the monthly Housing Assistance Payment (HAP) that would normally be paid to the owner of rental property under the HCV program be paid to the VHO participant to help cover some of the mortgage and other homeownership costs.

Factors Determining Housing Assistance Payment

The factors that determine the HAP under the VHO program are:

  • The family's household income
  • The monthly homeownership expense
  • The voucher Payment Standard for which the family is eligible

If you need help preparing for homeownership please request more information from emPOWERme.

Related Documents

  1. FAQ Homeownership
  2. How to Avoid Predatory Lenders (pdf)
  3. Steps Towards Homeownership
House on a Hand
  1. How do I know if I am ready for homeownership?
  2. What are the eligibility requirements to participate in the Voucher Homeownership Program?
  3. How do I obtain financing?
  4. Do I have to have good credit?
  5. Are there any programs to help me save for a down payment?
  6. What other costs are there?
  7. Am I limited as to how much I can pay for a home?
  8. Do I need to get my home inspected?
  9. Am I responsible for other expenses incurred as a result of purchasing the home?
  10. If interested in Homeownership, what should I do next?
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