Chapter 1 - San Diego Housing Commission

Chapter 15 – Moving Forward:
Housing Choice Voucher Homeownership Program
- Program operations, local obligations;
- Taxes and IRS proration requirements of taxes if assisted by the program;
- Inspection criteria, HQS requirements, special requirements in the contract for sale; and
- Post purchase counseling.
- Criminal Background Review (family completes the Statement of Criminal History Checks
form);
- Additional Income Verification and EIV;
- Other Program Requirements, etc; and
- Execute HUD Statement of Homeowner Obligations and SDHC Statement of Homeowner
Obligations.
A Certificate of Eligibility will be issued upon meeting all eligibility requirements.
F. CERTIFICATE OF ELIGIBILITY
If the HCV Homeownership Assistant determines that a family meets minimum eligibility criteria, he/she
may issue a Certificate of Eligibility to enable the applicant to shop for a home purchase. The HCV
Homeownership Assistant will deliver the Certificate of Eligibility after completion SDHC's homebuyer
briefing. The estimated HAP will be provided to the participant to assist in determining the maximum
sales price and loan amount in the pre-qualification process in conjunction with their lender.
Whenever an opening occurs in the program, SDHC will select the next available qualified applicant for
the final interview. The HCV Homeownership Assistant will interview the applicant to ensure that all the
information contained in their Homeownership Application is current and that the applicant is eligible
for homeownership.
The issuance of a Certificate of Eligibility does not guarantee that a participant will have the ability to
secure a homeownership loan. Other considerations such as the housing market, an applicant’s credit
history, total indebtedness, and current income, will be factors that will determine a participant’s ability
to secure a home mortgage. All participants will qualify independently through a mortgage lender of
their choice and must provide complete pre-approval/loan documents to the HCV Homeownership
Assistant immediately for review.
The family will be issued an interim recertification packet with the Certificate of Eligibility. This packet
must be returned to the HCV Homeownership Assistant with an executed Contract of Sale Addendum to
Residential Purchase Agreement, and pre-approval/loan documents if not previously provided.
Information must be up to date to the date of submission.
1. Changes in Family Size or Composition
All changes in family composition must be reported prior to the change to the HCV Homeownership
Assistant. The Certificate of Eligibility will reflect the applicable subsidy standard SDHC assigns to
the family based upon the family’s size and composition. The final Housing Assistance Payment
(HAP) will be issued based upon the subsidy standard applicable on the date of closing.
Any requested additions to the family prior to admittance to the Home of Your Own program must
be approved by the HCV Homeownership Assistant. As a general rule, only additions due to birth,
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