Describe all of The homebuyer(s) must be able to document annual gross household the criteria income is AMI as defined by 24 CFR that will be ≤80% 5.609. IHFA's underwriting used to select requirements are identified in the 2017 applications Administrative Plan. and the When the homebuyer receives relative to purchase their home, the importance of purchase price cannot exceed the HOME criteria. Program's Homeownership Value Limit for the area. The unit must be modest in character meet IHFA's definition of Standard Condition(meets Idaho's current Residential Code-Existing structures, applicable local code, ordinances, and Section 8 Housing Quality Standards).
Describe all of the criteria that will be used to select applications and the relative importance of criteria. The homebuyer(s) must be able to document annual gross household income is ≤80% AMI as defined by 24 CFR 5.609. IHFA's underwriting requirements are identified in the 2017 Administrative Plan. When the homebuyer receives to purchase their home, the purchase price cannot exceed the HOME Program's Homeownership Value Limit for the area. The unit must be modest in character meet IHFA's definition of Standard Condition(meets Idaho's current Residential Code-Existing structures, applicable local code, ordinances, and Section 8 Housing Quality Standards).
2017-Action-Plan.docx