The dream of homeownership is an attainable goal for many people, but it can be especially difficult for those with limited financial resources. Fortunately, the Housing Authority City of Fort Lauderdale has a program that can help eligible first-time homebuyers become homeowners. The Housing Choice Voucher Program administered by the Housing Authority City of Fort Lauderdale provides assistance in the form of rental subsidies to eligible participants.
The program works by providing participants with a voucher that can be used to help pay for rent in a privately owned unit. The amount of the voucher varies and is based on the participant’s income, family size, and other factors. The voucher is renewable and participants can use it to help pay for rent for up to 15 years.
In addition to the rental subsidy, the program also provides counseling and financial assistance to help participants with the purchase of a home. It is important to note that the program does not provide a loan, but rather it provides assistance in the form of grant money, which can be used for a down payment or closing costs. Participants can also use the grant money to help repair a home or pay for other related costs.
The Housing Choice Voucher Program is a great way for eligible first-time homebuyers to become homeowners. It provides the opportunity to purchase a home with the help of rental subsidies and grant money. The program also provides counseling to help participants make informed decisions and understand the home buying process.
The Housing Authority City of Fort Lauderdale is committed to helping people become homeowners and this program is just one of the ways they are doing that. With the help of the Housing Choice Voucher Program, more people are able to realize their dream of homeownership.