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Committee backs downpayment-assistance resolution for CHFA homeownership program
Summary
CHFA's Mortgage Committee unanimously recommended that the Board consider a resolution to establish or amend the General Homeownership Loan Program Downpayment Assistance Program. The motion was moved by Gregory Ugalde and seconded by Timothy Hodges.
The Mortgage Committee recommended that the CHFA Board consider a resolution related to the General Homeownership Loan Program Downpayment Assistance Program.
Lisa Hensley, Managing Director of Homeownership, presented the resolution and described its intent as part of the General Homeownership Loan Program. After discussion, Mr. Ugalde moved the committee recommend the resolution and Mr. Hodges seconded; the minutes record a unanimous vote in favor of forwarding the resolution to the Board.
The minutes do not specify program changes, dollar amounts, eligibility criteria, or an effective date for the Downpayment Assistance Program; the action recorded in the minutes is a committee recommendation to the Board for consideration.
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