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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

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Homeownership Voucher

The Homeownership Voucher program was added in 2001 as a new component of the Housing Choice Voucher program, which has traditionally been for rental assistance, to allow families in HUD rental assistance programs to use their Voucher for mortgage payments or down payments.

Rating

What This Rating Means

PERFORMING
Moderately Effective

In general, a program rated Moderately Effective has set ambitious goals and is well-managed. Moderately Effective programs likely need to improve their efficiency or address other problems in the programs' design or management in order to achieve better results.
  • There is no other program that provides a monthly subsidy to assist low-income families in meeting homeownership expenses. Homeownership Vouchers serve a critical need.
  • A tremendous amount of coordination with homebuyers, lenders, and other HUD programs is required by the Public Housing Authority (PHA) in order for each homeownership voucher to be utilized correctly. Program success varies greatly by PHA.
  • There are several factors that limit participation in the program. These include the voluntary nature of the program for public housing authorities, income requirements, cost of available homes, family credit problems, and finding lenders who will participate in the program.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Working with public housing authorities (PHAs) to streamline the process for obtaining homeownership with a voucher.
  • Working with PHAs, Neighborhood Reinvestment Corporation, and other partners to promote the program with potential homeowners and lenders.

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