Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Homeownership Voucher Assistance
Administering Agency/Entity | Department of Housing and Urban Development |
Short Description | Allows recipients of Section 8 Housing Choice Vouchers to use their monthly subsidies to make payments on a mortgage. Assistance is available for 10 to 15 years, depending on the terms of the first mortgage. Program participants must be first-time homebuyers, have full-time employment, and make a minimum income. |
Primary Purpose | Assistance for buying, selling, or financing a home |
Type of Housing Supported | Homeownership |
Type of Assistance | Direct payment |
Fiscal Year 2010 Obligations | Included in obligations for Housing Choice Voucher Program, which were $15,160,991,261. |