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Rental Assistance to Mortgage Assistance

Section 8 HCV Homeownership
The Eastern Iowa Regional Housing Authority has a HUD-approved Section 8 HCV Homeownership plan. This plan allows existing Section 8 HCV participants to convert their monthly rental assistance toward monthly mortgage assistance.

Do you Qualify?
Applications are now being accepted from qualified homebuyers. To qualify, the applicant must have income at or below 50% of the county median; secure a first mortgage with a lending institution; be considered a first-time homebuyer; and attend a homeownership counseling session prior to closing. Although a standard mortgage is required, EIRHA can assist homebuyers with defraying the cost of the home through local and state grants and, if eligible, homebuyers can utilize the Section 8 HCV Homeownership program.

Click here for Income guidelines.

Click here for Section 8 HCV Homeownership Application.Upon completion of the form mail to the attention of the EIRHA Homeownership Coordinator at the address listed below.