Section 8 Vouchers Make Home-Ownership Dreams a Reality
Since March 2001, the Waco Housing Authority has moved four families out of apartments and into houses under the Section 8 home-ownership option program. WHA is currently working to place 38 other families in new homes. For low-income working families that qualify, the new Section 8 rules offer an opportunity to realize the dream of home ownership. Read more »
Overview of the Section 8 Home-Ownership Option
The Section
8 home-ownership option program promotes affordable housing for low-income
families by allowing them to apply their rental vouchers toward purchase of
a home. Roman Palomares, deputy director of HUD's Office of Public Housing
in Fort Worth, Texas, answers questions on how the program works. Read
more »
Fast Facts: Financing Home Ownership with Section 8 Vouchers An
example of how Section 8 vouchers can help a working family with an annual
income of $13,404 purchase a home. Read more » |
News & Events
- On December 19, 2001, the Federal
Reserve Board issued a rule amending Regulation C, which says that
banks with less than $32 million in assets are not required
to collect HMDA data during 2002. The previous limit had been $31
million. Read more
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- Beginning December 20, 2001, banks, credit unions,
loan funds and community development groups can apply to be certified
as a "community development entity" —the first step in applying for New Markets Tax Credits. Guidelines
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- The Section 8 home-ownership
program final rules were issued on Sept. 12, 2000. Read the executive summary
or the complete regulation .
- Dallas Affordable Housing Coalition's annual Housing
Summit will be held Feb. 5, 2002, at the Dallas Convention Center.
Featured speaker is the Rev. Kirbyjon Caldwell of Windsor Village
United Methodist
Church in Houston. For details, call Jennifer Hawthorne at (214)
828-4391. More information
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- Federal Reserve Bank of San Francisco's 2002 Community
Reinvestment Conference is scheduled for Jan. 30–Feb. 1. Read more
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- Fifth National CDFI Institute, "CDFIs
Making an Impact," will be held in Washington, D.C., Jan. 24–25, 2002.
- The latest issue of Banking
and Community Perspectives will be in your mailbox soon.This issue focuses on affordable housing and features
articles on faith-based housing development and NIMBYism.
- Call for papers. The Federal Reserve System conference
on "Sustainable Community Development: What Works, What Doesn't and Why" will be held in Washington, D.C., March 27–28, 2003. Individuals interested
in presenting research should submit a completed paper, abstract
or proposal by April 22, 2002. Read more
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