Fort Worth Housing Solutions’ Homeownership Program allows individuals and families who have qualified for a Housing Choice Voucher to use rental assistance vouchers to buy a home and help cover monthly homeownership expenses.
The program is an important tool toward moving households toward financial self-sufficiency. One of the most common ways that people inherit and pass on generational wealth is through real estate. The purchase of a home is often the first opportunity people have to own real estate.
Eligible HCV participants may use rental assistance vouchers to pay mortgage expenses, including the principal and interest on a home loan, property taxes, homeowners’ insurance and a utility allowance.
Participants attend homeownership training sessions and gain insight into the responsibilities of owning a home, personal credit repair, budgeting, home financing and other helpful topics.