Are there restrictive covenants or other mechanisms in place to ensure long-term affordability on all residential properties?
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Review the resources below for additional guidance and information.
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- NSP Homebuyer Programs: Financing and Long-Term Affordability: This guide provides information on how to structure financing for NSP funded homebuyer programs and strategies for long-term affordability of NSP-assisted homes purchased by LMMI households.
- NSP Webinar Series: Long-Term Rental Oversight Webinar - Part II: This webinar focuses on implementation of long-term compliance requirements through policies, procedures, and systems.
- NSP Management Plan for Continued Affordability - Attachment E: This document is the Management Plan for Continued Affordability that NSP grantees should submit with their grant closeout package.
- DRGR MicroStrategy Reports: Use DRGR reports such as Fin Rept03b to confirm that all address and affordability information has been accurately recorded.