It’s well-known that housing prices in some metros are through the roof. Houses move fast, bidding wars take place, and many eager homeowners-to-be are squeezed out. In most places, the need for affordable housing outstrips the supply, and even those who mind their financial manners find homeownership out of reach.
- Government vouchers for rentals can be used for homebuyers, too.
- In areas where housing is in short supply, vouchers and the education programs that surround them can help qualified buyers make the leap into homeownership.
- HUD programs have been around for many years, and support renters and buyers with tools.