Worcester Telegram » Brad Petrishen
Worcester: New Sec. 8 homeownership plan
WORCESTER --- The Worcester Housing Authority (WHA) has announced that it is teaming with a Boston nonprofit on a program that will help families with Section 8 use their vouchers and personal income to become homeowners by using the funds to pay a monthly mortgage payment rather than rent. "We're not afraid to try something new in helping folks to self-sufficiency," said WHA Executive Director Alex Corrales in announcing the partnership with Neighborhood Assistance Corp. of America . The idea is not new – WHA and other housing authorities have been doing this for more than a decade – but the model is. While both models provide Section 8 vouchers for 15 years, the new model – with the help of the Boston nonprofit – aims to ensure the entire mortgage is paid off in that span.