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HOC Homeownership Programs for HOC Residents

General Information
An HOC resident is any person who:

        Lives in a property which is owned or managed by HOC;
        or receives rental assistance from HOC.


HOC helps prepare residents to move from rental to homeownership. Residents must have an annual income of $40,000 or higher to be eligible to participate in this initiative. This income level does not guarantee a mortgage or a home to purchase. Residents may choose to purchase a moderate priced dwelling unit(MPDU) from HOC through its random selection process in either program described below or locate a home independently.

Application for HOC/HOP participation ( this is not the housing choice voucher waiting list application)

For residents only, HOC uses a short application to provide preliminary information for HOC staff to evaluate. Residents who are interested in purchasing through HOC and receiving HOC’s assistance in preparing for homeownership must complete the application and send it with a credit report and other information specified to HOC. This is not a loan application but rather a means to determine a resident’s preparedness for purchasing. When a resident is ready to purchase a home and seeks mortgage financing, the resident will complete a formal loan application with a lender selected by the resident.


HOC conducts a workshop in the Spring and Fall of each year for interested residents. Residents must attend only one workshop. Each workshop is a 5-hour session conducted in a classroom setting and reviews the home buying process, mortgage financing options, budgeting, the credit report, loan approval. HOC sends notices to eligible residents when these workshops are scheduled. Space is limited and residents must register to attend a workshop.
Programs for Residents
  • HOC/HOP (HOC Homeownership Program)

HOC purchases MPDUs from time to time and sells them to HOC residents through the HOC/HOP. To be eligible to purchase an MPDU from the Commission, residents must have attended a workshop and be selected through a random selection process when an MPDU is ready for sale. HOC residents submit an application for participation in the HOC/HOP.

This is a program created by the federal Department of Housing and Urban Development (HUD) which allows renters having a housing choice voucher (formerly known as Section 8) to use the voucher for a mortgage payment rather than rent.
HALF is a special fund providing up to $3,000 for closing cost assistance to residents. This is a second mortgage and interest is charged.