NSP FAQ
Q

If a soft second mortgage is provided by an entity (such as a Habitat affiliate), could the payments under the soft second be payable to the NSP grantee rather than the Habitat affiliate?

Date Published: October 2012

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A

Yes, if agreed upon by all parties, the grantee could require that NSP mortgage payments be returned to the grantee as program income.


Tags: NSP Underwriting and Project Selection - Structuring Financial Assistance Models

FAQ ID:

1161