NSP FAQ
Q

How can NSP grantees use FHA mortgage insurance programs such as the 203(b) and 203(k) programs to assist homebuyers in purchasing an NSP home?

Date Published: October 2012

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A

The NSP Policy Alert Guidance on FHA Mortgage Insurance for NSP Grantees provides an overview of how grantees can use the 203(b) and 203(k) program to assist homebuyers. The Alert reviews the FHA memo Neighborhood Stabilization Program and FHA Financing dated March 24, 2010, and its implications for NSP grantees.


Tags: NSP Underwriting and Project Selection - Subsidy Layering

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FAQ ID:

964