Housing Opportunities Commission Homeownership Program (HOC/HOP)
Eligibility for HOC/HOP MPDU program:
- You must be a current HOC resident (see below):
- applicant who pays rent directly to HOC
- applicant who receives rental assistance through HOC but pays rent to another landlord
- applicant who lives in an HOC managed, financed or owned property
- You must have a minimum household income of $40,000
- You must have a minimum credit score of 640
- You must have a good rental history
How to Apply:
- Complete attached application in its entirety
- Submit completed application with ALL required documents (incomplete applications without ALL required documents will not be processed)
- Allow three (3) to five (5) weeks for normal processing time
- Written correspondence will be issued providing results of application
Application for HOC/HOP participation (this is not the housing choice voucher waiting list application)
After the applicant submits a completed application to HOC:
- The Homeownership Specialist will review the application along with all the required documents and credit report to determine the appropriate decision
-
A letter will be sent by email to the applicant you explaining the decision along with any next steps
Benefits of the HOC Homebuying Seminars:
- Understanding the importance of a good credit and rental history
- Improving your credit report
- Budgeting
- Understanding the process of homebuying:
- Prequalification
- Finding a Lender
- Finding a home
- Home Inspections
- HOC Homeownership Programs and Financing