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Homes and Community Renewal

Section 8 Home Ownership Program

The New York State Homes and Community Renewal (HCR) Section 8 Voucher Home Ownership Program has evolved from a small pilot program in calendar year 2000 to its current status as a national leader in home ownership closings where Section 8 Voucher assistance is available and being used to help families obtain and retain a home of their own.

The current monthly Voucher assistance payment per family ranges from as low as $14 to a high of $2,052 depending on family income and the location of the home. The statewide average monthly voucher assistance payment is currently $558. As of September 1, 2012, HCR has closed on 393 homes statewide (see examples from Regional Map).

Although this program is primarily designed for working families, elderly and disabled persons and families also qualify. Current participants include single and two-parent families, grandparents and single individuals. The minimum income requirements for participation include a stable monthly income such as wages from full-time employment, Social Security or other pension benefits. The minimum annual income eligibility also varies by county.

If you would like more information, please contact HCR's Statewide Section 8 Housing Choice Voucher Program for a list of HCR Local Administrators that manage the Section 8 Home Ownership Program directly, or visit the HUD web site at To view the HUD PowerPoint presentation, go to (MS PowerPoint).


HCR gratefully acknowledges its national, state, and local partners, lenders and realtors for their considerable support of and contributions to the success of the Statewide Section 8 Housing Choice Voucher Home Ownership program.

Affordable Housing Corporation
JP Morgan/Chase Bank
Bank of America
Key Bank
Bank of New York
M & T Bank
NBT Bank
Citizens Bank
Neighborhood Preservation Coalition of New York State
Community Bank
Neighborhood Reinvestment Corporation
Evergreen Bank/Bank North
North Fork Bank
Fannie Mae
Rural Housing Coalition of New York State
Federal Deposit Insurance Corp
State of New York Mortgage Agency
Federal Home Loan Bank
Ulster Savings Bank
Federal Housing Administration
U.S. Dept of Agriculture
Freddie Mac
U.S. Dept of Housing and Urban Development
U.S. Dept of Veterans Affairs
US Dept of Health and Human Resources
(Administration for Children and Families)

Last updated on 09/11/12