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 No. 2
Committee with primary jurisdiction:
- Housing Finance Committee
View full text of resolution.