Expands use of affordable housing voucher program funding for homeownership expenses.
The bill requires expanded use of affordable housing voucher program funding for homeownership expense assistance. It mandates the Department of Community Affairs to reserve a portion of the funding for a program comparable to the federal section 8 Housing Choice Voucher Homeownership Program. This program enables households to use a voucher to buy a home and receive monthly assistance in meeting homeownership expenses.
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