Owners Occupancy with NACA

[Ryan Brown]

Good evening, I'm talking to people in the NACA program interested in purchasing a multifamily homes and house hacking. I'm hearing that within the NACA program you "must" live in one of the units of the multifamily home you purchase.

My question is, how would NACA know if you’re “not” living in one of the units. This question is out of pure curiosity since I’m weighing out all of my options.

Hope to hear what everyone chimes in with,

God Bless

[Nicholas Jackson]

From my experience and the interactions I had with my NACA counselor, he said there is no "NACA police" so no one is really checking up on you. Its much more of a policy of honesty. I do not know how this plays out when it comes to getting a new home. Not sure what NACA does if you looked to buy a new home to househack, but I assume it would follow the same idea. If they find out I do know they have a lien on the property that you could have to pay if they call for it. Just something to make your best judgement on.