ROSS Homeownership

The Resident Opportunities and Self Sufficiency (ROSS) grant program provides funds for job training and supportive services to help assisted (low income) housing residents become self sufficient. The grants link assisted (low income) housing residents to services that lead to employment and leadership within their community. ROSS grants are awarded from HUD to assisted (low income) housing authorities, resident organizations or non-profit organizations acting on behalf of assisted (low income) housing residents.

This funding category makes grants to provide homeownership training for assisted (low income) housing residents. The Charlotte Housing Authority has elected to provide homeownership training with funding from a HUD ROSS grant to its residents. A counselor assists program participants for up to 24 months and even helps with the mortgage application process as well as closing.

The topics covered in the ROSS Homeownership program are:

Self-Improvement
Credit History and Reporting
Should I Rent or Buy?
Buying a Home - An Overview
What's in a Mortgage Payment? How Much Can You Afford?
Qualifying for a Mortgage Loan
Loan Application
Consumer Protection
Budgeting/Money Management
Helpers in the Housing Business
Your Rights as a Home Owner
Qualities of a Successful Home Owner
Down Payments, Closing Costs, and Financing
Selecting Your House
Maintaining Your Home
Post Occupancy Counseling

Eligibility Criteria

Individuals must:

Reside in CHA assisted (low income) housing communities, receive a Section 8 voucher, or be on the CHA waiting list
Be employed full-time
Have a minimum gross income of $16,762 per year
Have had stable employment for at least 12 months
Be willing to commit to the terms of the ROSS Homeownership Program
Sign and follow a contract of participation

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