Can Section 8 Pay a Mortgage? The Homeownership Voucher Program
May 15, 2024 • Finance Team
Turning Renters into Owners
In the HCV Homeownership Program, the "HAP" payment goes towards the mortgage lender instead of a landlord.
This is relevant for landlords because you might lose a long-term tenant to this program. It's a great outcome for the tenant! The requirements are strict (credit score, employment history), so only the most stable tenants qualify.