The THA Section 8 Program
administers the Homeownership Program. Partnerships
have developed with the Tallahassee Lenders
Consortium for down payment assistance to
eligible applicants and the Neighborhood
Housing and Development Corporation, located
in Gainesville, Florida to provide second
mortgages for eligible participants. Upon
becoming eligible for a mortgage and purchasing
a home, THA will make monthly payments on
behalf of the family to the lender. The
amount of the assistance is similar to the
rental program and is based upon the family’s
income and the relationship of the mortgage
amount and payment standard. Subsidy could
last up to 15 years or until such time that
no THA funds are being contributed.