The Section 5(h) home ownership program offers Public Housing Agencies (PHA) a flexible way to sell public housing units to low-income families. Section 5(h) helps low-income families purchase homes through an arrangement that benefits both the buyer and the public housing agency (PHA) that sells the unit. Section 5(h) works for PHAs as well: it permits public housing authorities to sell individual units and developments that may, due to their location or configuration, no longer be efficient to operate, while HUD continues to service the debt. See Fact Sheet: Section 5(h) , available from the Resident Initiatives Clearinghouse, 1-800-955-2232. For more information contact your local HUD office or check out the program online at http://www.hud.gov/progdesc/sect5(h) .cfm
Income Eligibility: Determined on a case-by-case basis.
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