NSP FAQ
Q

Is the deposit of NSP funds into an FHA 203(k) account an allowable use?

Date Published: October 2012

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A

Yes, NSP funds may be deposited into an FHA 203(k) required reserve account for future rehabilitation disbursements. See the NSP Policy Alert: Guidance on FHA Mortgage Insurance for NSP Grantees for more information.


Tags: NSP Program Requirements - Eligible Activities/Uses

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FAQ ID:

873