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Eligibility requirements include: Must be a first-time homeowner or cooperative member No family member has owned or had an ownership interest in their residence for at least three years Credit score of 680 points or above or determined by lender/mortgage company Minimum income requirement - Except in the case of disabled families, the qualified annual income of the adult family members who will own the home must not be less than the Federal minimum hourly wage multiplied by 2,000 hours. For disabled families, the qualified annual income of the adult family members who will own the home must not be less than the monthly Federal Supplemental Security Income (SSI) benefit for an individual living alone multiplied by 12. The PHA may also establish a higher minimum income requirement for either or both types of families. Except in the case of an elderly or disabled family, welfare assistance is not counted in determining whether the family meets the minimum income requirement. Employment requirement- Except in the case of elderly and disabled families, one or more adults in the family who will own the home is currently employed on a full-time basis and has been continuously employed on a full-time basis for at least one year before the commencement of homeownership assistance Homeownership counseling - applicants must attend and satisfactorily complete the PHA’s pre-assistance homeownership and housing counseling program Must be receiving subsidy assistance thru the Brownsville Housing Authority Section 8 Program Must meet Financial Institution Eligibility Requirements for a mortgage Any additional PHA eligibility requirements
For more information on Homeownership program, contact Cesar Barrera – Home Ownership Specialist at (956) 214-1525 or via email cbarrera@hacb.us. For more information on ongoing events, visit the Housing Authority of Brownsville Facebook page https://www.Facebook.com/HACB1. Catholic Charities of the RGV www.catholiccharitiesrgv.org 955 W. Price Rd. Brownsville, TX 78520 (956) 541-0220 Office Hours: Mon-Thurs 8:00am -5:00pm, Fri 8:00am – 12:00pm The Catholic Charities of the RGV Emergency Assistance Program provides short-term utility assistance, hotel/motel vouchers to assist with temporary shelter for the homeless, medical needs vouchers, and medical consultation and prescription assistance for those in need. For more information, call the office or visit the Catholic Charities Facebook page at https://www.facebook.com/Catholic-Charities-of-the-Rio-Grande-Valley-155063511172204/.
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