Buying Affordable Housing - City of PHX

Section 32 Homeownership Program - City of Phoenix

Section 32 Homeownership is offered to first-time homebuyers who are at or below 80% Area Median Income (AMI), and who will use the home as their primary residence. The purchase price will be the current (within 6 months of purchase) appraised value of the home. Eligible properties must pass a Housing Quality Standards (HQS) Inspection. Homeownership, financial fitness and hands-on maintenance classes are also required. Some program benefits may include:

• 20% discount off home appraisal value
• Guidance through the homeownership process
• Possible grant for down payment and closing costs
• Possible additional subsidies
• One-year home warranty
• Lower monthly payment

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