Basis for The 2014 Idaho Housing Needs Assessment, 2014 Idaho County-by-County Demographic, Housing, and Transportation Relative Report and the public input helped inform and identify Idaho's priority housing needs. Priority 2 Priority Need Create Decent Affordable Homeownership Name Priority Level High Population Low Geographic Areas Affected Associated Provide Decent Affordable Housing Goals Description Down-Payment/Closing Cost Assistance Homebuyer Properties Activities Acquisition and Rehabilitation/ New Construction The HOME program serves households with income not to exceed AMI. Homeownership opportunities are often available to low-income households because HOME provides the gap financing for households not able to qualify for the entire amount needed to purchase a home through a primary mortgage of the sales price. The HOME Down Payment/ Closing Cost assistance program provides the gap between the sales price and the primary loan up to a maximum amount established on an annual basis depending on funds available and market conditions. IHFA's HOME program requires the household to qualify and accept the maximum primary loan available before the amount of HOME funds is determined. Other conditions apply. Acceptable primary loan products are Conventional, VA, USDA-RD and FHA. Basis for The 2014 Housing Needs Survey, input from the public (including units of local government, local regional and state level Relative stakeholders), American Community Survey 5-Year Estimates(2008-2012 & 2013, and the 2014 Idaho County-by-County Priority Housing, Demographic, and Transportation Report. 3 Priority Need Tenant-Based Rental Assistance Name Priority Level High Population Extremely Low Geographic Areas Affected Associated Provide Decent Affordable Housing Goals Provide Suitable Living Environment
Basis for Relative Priority The 2014 Idaho Housing Needs Assessment, 2014 Idaho County-by-County Demographic, Housing, and Transportation Report and the public input helped inform and identify Idaho's priority housing needs. 2 Priority Need Name Create Decent Affordable Homeownership Priority Level High Population Low Geographic Areas Affected Associated Goals Provide Decent Affordable Housing Description Down-Payment/Closing Cost Assistance Homebuyer Properties Activities Acquisition and Rehabilitation/ New Construction The HOME program serves households with income not to exceed AMI. Homeownership opportunities are often available to low-income households because HOME provides the gap financing for households not able to qualify for the entire amount needed to purchase a home through a primary mortgage of the sales price. The HOME Down Payment/ Closing Cost assistance program provides the gap between the sales price and the primary loan up to a maximum amount established on an annual basis depending on funds available and market conditions. IHFA's HOME program requires the household to qualify and accept the maximum primary loan available before the amount of HOME funds is determined. Other conditions apply. Acceptable primary loan products are Conventional, VA, USDA-RD and FHA. Basis for Relative Priority The 2014 Housing Needs Survey, input from the public (including units of local government, local regional and state level stakeholders), American Community Survey 5-Year Estimates(2008-2012 & 2013, and the 2014 Idaho County-by-County Housing, Demographic, and Transportation Report. 3 Priority Need Name Tenant-Based Rental Assistance Priority Level High Population Extremely Low Geographic Areas Affected Associated Goals Provide Decent Affordable Housing Provide Suitable Living Environment
HUD-Approved-2015-2019-Five-Year-Consolidated-Plan-2015-Action-Plan.docx