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

Housing Finance
Published

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
Download
Leadership
<p>Resources for Senior Officers, the Leadership Council, Transitional Board, State Reps, NACs and committees.</p>

Leadership and Committees

Leadership and Committees

Resources for Senior Officers, the Leadership Council, Transitional Board, State Reps, NACs and committees.

Access resources

Councils
<p>Providing members the opportunity to network and develop policies that benefit their areas of interest.</p>

Councils

Councils

Providing members the opportunity to network and develop policies that benefit their areas of interest.

About councils

Meetings
<p>Explore upcoming NAHB meetings and events.</p>

Meetings

Meetings

Explore upcoming NAHB meetings and events.

Access events