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Board approves 50-basis-point cut to county upfront down-payment contribution
Summary
At a county meeting members voted to reduce the county's upfront contribution to its turnkey down-payment assistance program by 50 basis points, and discussed outsourcing parts of program administration to Neighborhood Housing Services on a trial basis.
A majority of members at the meeting voted to reduce the county's upfront contribution to the turnkey down-payment assistance (DPA) program by 50 basis points.
The motion, presented as a reduction to the county contribution (not a change to lender compensation), clarified that the county currently contributes 300 (units not specified in the agenda) toward the upfront assistance and that the change would reduce that amount by 50 basis points. The motion was seconded and approved by voice vote; a numerical roll-call tally was not specified in the…
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