Enter the total costs from direct loan, grant and deferred payment loan used for downpayment assistance. INITIAL PURCHASE PRICE: Enter the purchase price of the single family home. You are required to give this amount for all homebuyer. AFTER REHAB VALUE: Enter the value of the single family home after rehabilitation. You are required to give this amount for all rehabilitation activities. This amount is required for homebuyer activities where rehab is completed as part of the activity. HOME MORTGAGE LIMIT: Enter the maximum purchase price/after rehabilitation value for the county where the activity is located. The value of any homebuyer/homeowner occupied property may not exceed 95 percent of the median purchase price for that type of single family housing for the area, as published by HUD. The HOME mortgage limit is the maximum purchase price or after rehabilitation value of a home based on Section 203 (b) of Single Family Mortgage Limits. Section 203 (b) limits are determined by of Single Family Housing. To view HUD’s Office updated limits on-line, go to the Division of Energy, Housing and Community Resources website: APPRAISED VALUE: Enter the estimated market value of a homebuyer property based on purchase appraisal. OTHER FEDERAL FUNDS (Provide information explaining the source and use of all non-HOME federal funds.) FEDERAL FUNDS: Enter contributions made with or derived from federal resources or funds. Some examples of federal funds are CDBG funds, Workforce Investment Act, FHA, Department of Energy (DOE) Weatherization Emergency Assistance Program (EAP) and Preservation Grants. USDA RURAL DEVELOPMENT: Enter the total amount dollar from a USDA Rural Development loan. TOTAL FEDERAL FUNDS: Enter the total of all non-HOME federal funds in this activity. STATE/LOCAL FUNDS Enter the amount of any state/local funds used in this activity. Provide information explaining the source and use of state and local funds. HOUSING TRUST FUNDS: Enter the amount of any housing trust funds used in this activity. These are funds dedicated by municipalities for affordable housing, such as the City of Stevens Point’s HOORA Program. STATE/LOCAL APPROPRIATED FUNDS:
Enter the total costs from direct loan, grant and deferred payment loan used for downpayment assistance. INITIAL PURCHASE PRICE: Enter the purchase price of the single family home. You are required to give this amount for all homebuyer. AFTER REHAB VALUE: Enter the value of the single family home after rehabilitation. You are required to give this amount for all rehabilitation activities. This amount is required for homebuyer activities where rehab is completed as part of the activity. HOME MORTGAGE LIMIT: Enter the maximum purchase price/after rehabilitation value for the county where the activity is located. The value of any homebuyer/homeowner occupied property may not exceed 95 percent of the median purchase price for that type of single family housing for the area, as published by HUD. The HOME mortgage limit is the maximum purchase price or after rehabilitation value of a home based on Section 203 (b) of Single Family Mortgage Limits. Section 203 (b) limits are determined by HUD’s Office of Single Family Housing. To view updated limits on-line, go to the Division of Energy, Housing and Community Resources website: APPRAISED VALUE: Enter the estimated market value of a homebuyer property based on purchase appraisal. OTHER FEDERAL FUNDS (Provide information explaining the source and use of all non-HOME federal funds.) FEDERAL FUNDS: Enter contributions made with or derived from federal resources or funds. Some examples of federal funds are CDBG funds, Workforce Investment Act, FHA, Department of Energy (DOE) Weatherization Emergency Assistance Program (EAP) and Preservation Grants. USDA RURAL DEVELOPMENT: Enter the total amount dollar from a USDA Rural Development loan. TOTAL FEDERAL FUNDS: Enter the total of all non-HOME federal funds in this activity. STATE/LOCAL FUNDS Enter the amount of any state/local funds used in this activity. Provide information explaining the source and use of state and local funds. HOUSING TRUST FUNDS: Enter the amount of any housing trust funds used in this activity. These are funds dedicated by municipalities for affordable housing, such as the City of Stevens Point’s HOORA Program. STATE/LOCAL APPROPRIATED FUNDS:
hhr-ch5-%20financial%20management.docx