How to Buy a Home in Illinois Using a Section 8 Voucher

How to Buy a Home in Illinois Using a Section 8 Voucher

Yes, it’s possible to buy a home in Illinois using a Section 8 Housing Choice Voucher—if you meet certain eligibility criteria and your local Public Housing Authority (PHA) participates in the Section 8 Homeownership Program. This option allows qualifying families to apply their voucher toward monthly mortgage payments instead of rent.

Key Eligibility Requirements

While specifics may vary slightly by PHA, here are the general requirements:

• First-Time Homebuyer: You must not have owned a home in the past three years.

• Employment: You or another adult household member must be employed full-time (typically at least 30 hours per week) for at least one year. Elderly or disabled applicants are usually exempt from this requirement.

• Income Threshold: You must meet a minimum income requirement set by your PHA.

• Credit History: A positive credit history is typically required.

• Savings for Down Payment: You’ll likely need a minimum amount in savings to cover the down payment and closing costs.

• Homebuyer Counseling: Completion of a HUD-approved homeownership counseling program is required.

Programs Available in Illinois

Chicago Housing Authority (CHA) – Choose to Own Program

The CHA offers a homeownership option called the “Choose to Own” program. Some of their eligibility requirements include:

• Working families must earn at least 50% of the area median income. Seniors (62+) or people with disabilities must earn a minimum of $10,092 annually.

• Working families must have at least $3,000 in savings; seniors or disabled applicants need at least $2,000.

• One year of positive credit history is required.

• Completion of a homebuyer education program is mandatory.

Habitat for Humanity Chicago – Affordable Homeownership Program

While separate from the voucher program, Habitat for Humanity offers affordable homeownership options that may complement a voucher if you're eligible:

• Household income must fall below 80% of Chicago’s Area Median Income.

• A credit score of 620 or higher is preferred; scores between 580–619 may be accepted with additional documentation.

• Applicants must have $2,500 in savings and the ability to save an additional $2,000 before closing.

• Applicants are required to complete 200–250 hours of sweat equity and homebuyer education.

Steps to Get Started

1. Contact Your Local PHA: Confirm whether they participate in the Section 8 Homeownership Program.

2. Complete Homebuyer Education: Enroll in a HUD-approved counseling program.

3. Review Financial Requirements: Make sure you meet credit, income, and savings criteria.

4. Work with a Housing Counselor: Get help navigating the process and accessing available assistance programs.

Final Thoughts

Buying a home through the Section 8 Homeownership Program in Illinois is entirely possible for those who qualify. With preparation, financial stability, and the right support, you can turn your voucher into a long-term investment in your future. Be sure to connect with your local housing authority to explore your options and start the journey toward homeownership.