The Connecticut capital will allow voucher recipients to use their vouchers toward home payments as a way to build long-term wealth.
The city of Hartford, Connecticut announced a new program that will facilitate homeownership for Section 8 housing voucher holders, according to a press release from the Democratic Mayors Association.
Hartford Mayor Arunan Arulampalam announced the plan on April 30, saying that "his pilot program represents a fundamental shift in how we approach housing in Hartford, moving beyond stability and toward true economic empowerment." According to Arulampalam, "By reimagining the Housing Choice Voucher as a tool for wealth creation, we are giving families the opportunity to transition from renters to owners, allowing them to build equity that will benefit their children and grandchildren for years to come."
The program will allow Section 8 voucher holders to transition to homeownership through "savings plans, homeownership counseling, credit counseling, and more," said the mayor in an announcement.
Read the full story: ICYMI: Hartford Launches New Program to Allow Use of Housing Vouchers for Mortgage Payments
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