# Housing Choice Voucher Program Homeownership Option; Eligibility of Units Not Yet Under Construction
> **US Department of Housing and Urban Development** · Final rule. · Published 2007-10-22 · Effective 2007-11-21 · 72 FR 59936
## Document
- **Document number:** E7-20686
- **Category:** hud-housing-vouchers
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 72 FR 59936
- **CFR reference:** 24 CFR 982
- **Publication date:** 2007-10-22
- **Effective date:** 2007-11-21
- **Docket:** Docket No. FR-4991-F-02
## Abstract

This final rule revises HUD's regulations for the homeownership option authorized under the Housing Choice Voucher (HCV) program. Through the homeownership option, a public housing agency (PHA) may provide voucher assistance for an eligible family that purchases a dwelling unit for residence by the family. This final rule authorizes the use of voucher homeownership assistance for the purchase of units not yet under construction at the time the family contracts to purchase the home. This revision will expand the housing choices available to families participating in the homeownership option under the HCV program. This final rule follows publication of a May 29, 2007, proposed rule and takes into consideration the one public comment received on it. After careful consideration of the issues raised by the commenter, HUD has decided to adopt the proposed rule without change.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/10/22/E7-20686/housing-choice-voucher-program-homeownership-option-eligibility-of-units-not-yet-under-construction)
---
*MORVS · CC0 1.0*