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(PDF, 0.14 MB) HUD NSP Policy Alert: Guidance on FHA Mortgage Insurance for NSP Grantees
Abstract
This HUD NSP Policy Alert is intended for grantees seeking a summary of the Federal Housing Administration (FHA) memo “Neighborhood Stabilization Program and FHA Financing” dated March 24, 2010 and its implications for NSP grantees. In the memo The Director of the Office of Single Family Program Development asks all Processing and Underwriting Directors and Program Support Directors to support NSP by following NSP-specific polices on Downpayment Assistance, Area Median Income, Multiple Liens, and Combined Loan-to-Value when determining a project's eligibility for FHA financing. This policy alert was previously labeled as NSP Policy Alert Volume 5.
- Date Published
- May 2010
- Audience
- NSP-1 Grantees
- NSP-2 Grantees
- Topic(s)
- Purchase Discount
- Designing/Implementing Homebuyer Programs
- Acquisition/Disposition of REO Properties
- Combining Mixed Financing Sources/Subsidy Layering
- Product Approver
- HUD-approved
- Author Organization
- U.S. Department of Housing and Urban Development
- Submitted By
- U.S. Department of Housing and Urban Development
- Type of Resource
- HUD Guidance
- NSP Policy Alert
- Keywords
- FHA; Federal Housing Administration; loan; downpayment assistance; liens; Loan-to-Value; HUD NSP Policy Alert
