NSP FAQ
Q

Does the time remaining for the affordability period transfer to the next eligible unit for which the funds are used?

Date Published: October 2012

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A

When using the recapture approach for homebuyer activities, the affordability period for the unit ends upon recapture of the NSP funds. When using the resale approach, the remainder of the affordability period carries over to the next buyer.

 


Tags: NSP Program Requirements - Resale/Recapture

FAQ ID:

1090