In November 2002, the Inglewood Housing Authority implemented the Homeownership Option as a part of the Housing Choice Voucher Program. The program is offered to assist low-income families, senior citizens, veterans, and people with disabilities in transitioning from rental assistance to homeownership.
Instead of renting, the participants will use their voucher subsidy to meet monthly homeowner expenses with an eventual goal of ownership of the property. (The program does not supply down payment assistance). Eligible applicants must meet all of the eligibility and participation requirements as set forth by the U.S. Department of Housing and Urban Development (HUD) and the Inglewood Housing Authority (IHA). Program participation is strictly voluntary.