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Financing and Long-Term Affordability for NSP Homebuyer Programs

Date Published: November 2010

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Description

This component of the Homeownership Toolkit is intended for grantees and their partners carrying out homebuyer programs and seeking information related to long-term affordability periods. This guide provides information on how to structure financing for NSP-funded homebuyer programs, and discusses strategies for long-term affordability of NSP-assisted homes purchased by low-, moderate-, and middle-income (LMMI) households.

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Tags: NSP

Disclaimer: All peer approved resources shared on the HUD Exchange have been provided by the organization that developed them. The documents have not been reviewed by HUD or its contractors for applicability, legality, or compliance with federal statutory and regulatory guidelines. The posting of these documents on the HUD Exchange is not intended as an endorsement of the documents by HUD or any of its contractors.

Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.

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  • ICF
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  • Peer Approved