About CHA Homeownership Programs
Columbia Housing Authority is dedicated to providing opportunities for people to become homeowners through training, counseling and financial assistance in a number of different programs.
Each program has specific qualifications, but all require prospective homeowners to complete 12 hours of training about the home buying process. Click here to view schedule.
CHA Homeownership Programs in 2010:
Section 8 Homeownership Program
Families currently housed under the CHA Section 8 Housing Choice Voucher Program can convert their rental subsidy to a Housing Assistance Payment (HAP) that they can use toward the purchase of a single-family home, condominium or townhouse for up to 15 years, provided they remain eligible all 15 years. Elderly or disabled families may receive assistance for up to 30 years, if they remain eligible.
To qualify, an individual or family must:
- Have been in the Section 8 Program for at least one year with CHA or another housing authority (if they have transferred their voucher to CHA’s jurisdiction);
- Not owe CHA or any other housing authority money;
- Qualify as a first-time homeowner under HUD guidelines;
- Have a minimum household income of $10,300 annually;
- Have been employed for 12 consecutive months, working at least 30 hours per week (but elderly and disabled individuals are exempt).
Families must also:
- Agree to purchase a single-family home, townhouse or condominium in Richland County, SC;
- Qualify for a 30-year fixed-rate mortgage with acceptable loan terms;
- Provide minimum cash investment from personal savings or other sources that totals 3 percent of assets or $500, whichever is greater;
- Meet eligibility requirements for the program during the entire time they receive homeownership assistance from CHA;
- Complete homeownership training, including classes on home buying, budget and credit, and home and yard maintenance.
How do I apply?
Individuals and families should call the CHA Section 8 Department at (803) 254-3886, ext. 210 or 235, or contact their case manager.
Learn more about Section 8
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