NACA and Section 8 Help

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Viewing 5 posts - 1 through 5 (of 5 total)
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  • #66871
    Ewing24mail
    Participant

    Hello,

    I am new to the program and I am a Section 8 participant. I have read all of the workbooks on how the program works but some things are not explained. There is no information on the 20 year loan I heard that was being offered with this program which was briefly discussed during the webinar I attended. Also, I need to know how the payment shock is calculated with the Section 8 program as well as how to calculate the amount of home to look for with my subsidy. When I had my intake with my NACA coordinator, she had never dealt with the Section 8 home-buyers program through NACA before. She says she will get info and contact me, but if there’s anyone with direct info or can provide me a number or email for someone who is well versed on the subject. I have called the main customer service number and they can’t answer my questions either. They just transfer me to my NACA specialist, so I’m left with no answers. PLEASE HELP!!!!!

    #66876

    Hi @Ewing24mail ! Welcome… The program you’re talking about is essentially -brand new- and most of us aren’t going to be able to give solid information. We can tell you about how the standard program has worked up until now, but you’re only the second person I’ve seen post about that program at all. Hopefully your MC will provide you with all of the information that you need.

    #69245
    ten2020
    Participant

    I am in the same situation. I have been qualified but my voucher was not added to my file. So now I’ve turned my voucher in & now I am just waiting on a response from my MC and the Regional Director. With the events going on it is alot harder getting answers. Patiently waiting so I can go house hunting & close on my new home.

    #69274
    Ewing24mail
    Participant

    Did they tell you how to calculate your amount to look for? I want to make sure that I stay in my price range. Also, what information did you have to give NACA from section 8? Just your Voucher?

    #69285
    ten2020
    Participant

    Yes I was qualified but soley on my income. You can look for a house as long as you dont go over the maximum mortgage amount that they give you. My MC just said she won’t use my voucher because noone has ever closed using a voucher smh. Yes I gave NACA an updated voucher. Make sure you get your housing paperwork from your caseworker.

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