Committee weighs grant versus forgivable‑loan structures for proposed down‑payment assistance program
The committee reviewed a worksheet and debated whether a down‑payment assistance program should operate as a grant or a forgivable loan, including mortgage-priority and eligibility questions; ACA Jensen will prepare a one‑page pros-and-cons memo for the September meeting.
The full story
ACA Jensen presented a worksheet to the Affordable Housing Ad Hoc Committee with three policy options and additional questions committee members must resolve to set up a down‑payment assistance program.
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