Section 8 Homeownership

The homeownership program provides assistance with mortgage payments and guides the family through the homeownership process.

Who is eligible to apply?

  1. Applicant must have successfully completed one-year on the Section 8 Voucher Program
  2. A minimum annual gross earned income of $14,500, or if elderly/disabled minimum annual gross income of $7,644
  3. A minimum employment requirement of an average of 30 hours per week for the past year (no employment requirement if elderly or disabled)
  4. Must be a first-time home buyer or not have owned a home during the past three years unless displaced through divorce or death of a spouse
  5. A down payment is required of 3% of mortgaged amount, 1% that must come from family's own funds
  6. The applicant must not have violated any Family Obligations in the past three years which participating in either the Section 8 Voucher Program or the Public Housing Program
  7. All debts owed to the housing authority or any other housing authority must be paid in full

Program Requirements

  1. Once approved the family must attend and complete the pre-assistance homeownership and housing counseling program
  2. Units eligible for purchase must be either a single family home, condominium, or manufactured home located within the city limits of Charles City
  3. The home must pass an inspection through the housing authority and an independent inspection conducted by a licensed home inspector
  4. The family must sign a contract for sale and provide that contract to the housing authority
  5. The family is responsible for obtaining their own financing subject to program regulations
For additional information or an application for the program, please contact the housing authority at (641) 228-6661 ext 2