What is the Construction Options Voucher Homeownership System?
New Construction Options Coupon (HCV) homeownership program is actually a voluntary system having first-big date homebuyers. The applying are financed and you can applied because of the Agencies of Homes and you may Metropolitan Invention (HUD). Qualified parents engaging in the latest Construction Choices Coupon Program could possibly get like buying a home anyplace into the Houses Authority out-of Ohio City, Missouri (HAKC) qualified legislation.
In place of playing with a discount subsidy to simply help family members that have book, the new homeownership solution allows family to use a discount subsidy to fulfill its monthly homeownership expenses. The fresh new Casing Authority regarding Kansas Urban area, Missouri (HAKC) deposits this new subsidy on the family members’ family savings, therefore the loved ones helps make the complete mortgage repayment for the lender.
HAKC homeownership system users select from many different houses choice, differing off accommodations, duplexes, and unmarried-relatives residential property so you can townhomes. Read more
