HUD unveiled a new program that makes the dream of homeownership achievable for more than one million working families now receiving HUD Section 8 rental assistance vouchers.
Housing and Urban Development Secretary Andrew Cuomo today unveiled a newprogram that makes the dream of homeownership achievable for more than one million workingfamilies now receiving HUD Section 8 rental assistance vouchers. Under the program, Section 8 rental assistance vouchers can be used to purchase homes. Once the program goes into effect in October, vouchers may be used to purchase a new home, anexisting single-family home, a home under construction or shares in a cooperative.
Thanks to Abhijeet Chavan
FULL STORY: HUD No. 00-231
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