Describe all of The homebuyer(s) must be able to document the total household income is ≤80% AMI as defined by 24 CFR 5.609 (annual (gross) income), evidence of U.S. the criteria citizenship or other eligible status. The underwriting policies are outlined in the that will be annual HOME Administrative Plan. used to select When the homebuyer receives HOME-assistance to purchase a home, the sales applications price of the home cannot exceed the HOME Program's Homeownership Value and the Limits for that area. The unit must be modest in character and meet the HOME relative Program's Standard at the time of sale. HOME Homeownership importance of Value Limits and rehabilitation standards are identified in the annual HOME these criteria. Administrative Plan. If only N/A summary criteria were described, how can potential applicants access application manuals or other state publications describing the application criteria? (CDBG only)
Describe all of the criteria that will be used to select applications and the relative importance of these criteria. The homebuyer(s) must be able to document the total household income is ≤80% AMI as defined by 24 CFR 5.609 (annual (gross) income), evidence of U.S. citizenship or other eligible status. The underwriting policies are outlined in the annual HOME Administrative Plan. When the homebuyer receives HOME-assistance to purchase a home, the sales price of the home cannot exceed the HOME Program's Homeownership Value Limits for that area. The unit must be modest in character and meet the HOME Program's Standard at the time of sale. HOME Homeownership Value Limits and rehabilitation standards are identified in the annual HOME Administrative Plan. If only summary criteria were described, how can potential applicants access application manuals or other state publications describing the application criteria? (CDBG only) N/A
First-Draft-for-Public-Comment-Period.docx