NSP FAQ
Q

Does the 1% purchase price discount apply when only the rehab is done with NSP funds?

Date Published: October 2012

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A

The purchase discount on foreclosed properties does not apply to properties that were purchased with non-NSP funds. It should be noted that all other regulations including Environmental Review and URA apply in this situation, and any property where NSP funds are used.


Tags: NSP Program Requirements - Purchase Discount

FAQ ID:

1045