Housing Authority of the City of Yuma

Homeownership Programs

Houses

Owning a home is one of the most powerful steps a family can take toward lasting stability. HACY's Homeownership Programs help Family Self-Sufficiency participants turn that goal into reality through matched savings, education, and hands-on coordinator support.

 

How The Program Works

Family Self-Sufficiency (FSS) participants who want to purchase a home work with their coordinator to add homeownership goals to their Individual Training and Service Plan (ITSP). The plan outlines both short-term and long-term steps to build readiness, from credit repair and savings to mortgage pre-qualification and home search.

HACY coordinates homebuyer education workshops and connects participants with community partners including WACOG and other local nonprofit and governmental agencies that offer low-income homeownership counseling and additional down payment assistance.

Clients who purchase a home through the FSS program typically finance less than 70% of the total cost of the home, because their FSS escrow funds are combined with assistance from multiple partner agencies. That means a lower mortgage, smaller monthly payments, and a stronger start.

In both 2008 and 2013, the Housing Authority of the City of Yuma received the HUD Phoenix Field Office's Most Valuable Partner (MVP) Award for supporting HUD's initiative of Increasing Homeownership Opportunities.

 

WISH Program

Workforce Initiative Subsidy for Homeownership

The WISH Program provides matched down payment assistance to eligible FSS participants preparing to purchase a home.

  • Match ratio: $4 for every $1 of FSS escrow savings
  • Maximum match: up to $22,000
  • Funds applied toward down payment at closing
  • Must be an active FSS participant in good standing
  • Must complete required homebuyer education
IDEA Program

Individual Development and Empowerment Account

The IDEA Program is a companion matched-savings initiative that supports FSS participants building toward homeownership alongside the WISH Program.

  • Match ratio: $4 for every $1 of FSS escrow savings
  • Maximum match: up to $22,000
  • Funds applied toward down payment at closing
  • Must be an active FSS participant in good standing
  • Must complete required homebuyer education

 

Steps To Homeownership

HACY's homeownership pathway is structured to build your readiness at every stage. Your FSS coordinator will guide you through each step.

  • Enroll in the Family Self-Sufficiency program and establish your ITSP
  • Set homeownership as a goal and begin building your FSS escrow account
  • Attend a HACY-sponsored homebuyer education workshop
  • Work with your coordinator on credit, savings, and pre-qualification
  • Apply for WISH and/or IDEA matched-savings funds
  • Connect with WACOG or other partner agencies for additional counseling
  • Engage real estate services available through the FSS program
  • Close on your home and graduate from FSS as a homeowner

 

Homebuyer Education Workshops

HACY provides ongoing homeownership preparation sessions covering topics such as budgeting, understanding credit, the mortgage process, and what to expect at closing. Participants are also referred to WACOG and local nonprofit agencies for additional education and one-on-one housing counseling. Completing a HUD-approved homebuyer education course is required to access WISH and IDEA program funds.

 

Section 8 Homeownership Program Guide

Your Homeownership Coordinator

HACY's FSS Homeownership Coordinator provides ongoing assessment and guidance for participants at every stage of the journey. The coordinator also works to develop program enhancements and identify new partnerships that help more families transition into homeownership. Real estate services are available for FSS clients who are ready to begin their home search.

To ask about eligibility, schedule a meeting, or get started, contact:

Brandy Trasvina

FSS Homeownership Coordinator
Phone: (928) 782-3823, Ext. 151
420 S. Madison Ave, Yuma, AZ 85364

 

Ready To Start Your Path To Homeownership?

Contact our FSS Homeownership Coordinator to learn whether you qualify for WISH or IDEA matched-savings assistance and to set homeownership goals in your Individual Training and Service Plan.

Learn About FSS Contact Us