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HANDOUTS HRSR 04-28-2003
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HANDOUTS HRSR 04-28-2003
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5/8/2015 2:34:00 PM
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5/8/2015 2:29:35 PM
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City Government
type
HRSR
date
4/28/2003
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Mortgage Revenue Bond Programs (MRS) <br /> • Tax exempt bonds <br /> • Below market interest rate financing <br /> • First time homebuyers <br /> • Low and moderate income <br /> • Acquisition cost limits <br /> • FHA, VA, RD, conventional loans <br /> Community Lending Programs <br /> • Key: address community credit needs <br /> • Homeownership Assistance Fund (HAF) <br /> • Interest-free deferred second loans <br /> • Entry cost assistance ($3,000) <br /> • Monthly payment assistance ($60/mo.) <br /> • Equity contribution loans (CASA only - <br /> $%,000) <br /> • <br />
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