1.

Are you a participant who has been in good standing in the HCV rental program for at least one year? A participant in good standing means you are fully compliant with all SDHC rules and your landlord lease over the past year, and have not had a repayment agreement with SDHC within the last 12 months.
 

If ‘yes,’ continue to question #2:  i
 

If 'no,' go no further at this time.  After completing one-year of participation in the HCV rental program and/or meeting the good standing requirement for a full 12 months, you may proceed with this questionnaire.
 

2.

 Has the head of household, spouse, or co-head been employed full-time (an average of no less than 35 hours per week) for the past 12 months and been continuously employed for at least 24 months? 
OR
Is the head of household, spouse, or co-head permanently disabled or elderly?
 

If ‘yes,’ continue to question #3:  i
 

If ‘no,’ go no further. You are not eligible to apply for the HCV Homeownership Program until you establish the required employment history or you become permanently disabled or elderly.
 

3.

For a non-elderly/non-disabled family, is your annual income equal to or greater than $35,000 or are you a current FSS/ASPIRE participant or recent graduate with an annual income equal to or greater than $30,000? (Please note that TANF/AFDC assistance cannot be counted as income for non-elderly/non-disabled families to qualify for the HCV Homeownership Program.)
OR
If permanently disabled or elderly, do you have a minimum annual income greater than or equal to $25,000? (TANF/AFDC can be counted as income for permanently disabled or elderly families to qualify for the HCV Homeownership Program.)
 

If ‘yes,’ continue to question #4:  i
 

If ‘no,’ stop here. You do not qualify for the homeownership program unless you meet the minimum income requirements.
 

4.

Are you a first-time homebuyer, or do you require homeownership as a reasonable accommodation for a disability? A first-time homebuyer is defined as a family with no family member having ownership in a home within the past three years*.
 

If ‘yes,’ continue to question #5:  i
 

5.

Do you have at least $3000.00 in savings, IDA, or checking accounts for use toward a down payment? A maximum of $1,500 may be used from your FSS/ASPIRE match to meet this requirement. The other $1,500 needs to be verifiable savings accumulated over several months in your savings, IDA, or checking accounts.
 

If ‘yes,’ continue to question #6:  i
 

If ‘no,’ stop here. You do not qualify for the homeownership program unless you meet the minimum savings requirement.
 

6.

Do you have good credit?
 

If ‘no,’ go no further today. You may be interested in attending Financial Fitness Training to learn more about increasing financial assets and resolving credit issues. A seminar schedule is located at: http://www.chworks.org.  
 

If ‘yes,’ continue with the instructions below. If you do not know what your credit report contains, you may view it at  http://www.annualcreditreport.com.

i