Treating Grants and Subordinated Mortgages as Equity for FHA-Insured Home Mortgages

Housing Finance

Resolved that NAHB urge the Department of Housing and Urban Development to recognize homeownership grants and subordinated loans as a home buyer’s equity for the Federal Housing Administration-insured loans, and to make commensurate adjustments in the mortgage insurance premiums and/or underwriting requirements for such loans.

Resolution originally adopted: 2004.10, Resolution No. 2

Committee with primary jurisdiction:
  • Housing Finance Committee
Full Resolution The full text of this resolution is available for download