NSP FAQ
Q

If NSP funds are not used for the acquisition of a foreclosed property, do the appraisal and 1% discount apply?

Date Published: October 2012

Print ShareThis

A

If NSP funds are not used for the acquisition of property, the appraisal and 1% discount do not apply. However, the acquisition process is subject to the requirements of the Uniform Relocation Act (URA) when applicable.


Tags: NSP Underwriting and Project Selection - Subsidy Layering

FAQ ID:

940