| Title |
Low-interest subordinate mortgages for homebuyers |
| Agency |
Office of the Governor
North Carolina Housing Finance Agency
|
| Web |
http://www.nchfa.com/Nonprofits/HPhoprodprograms.aspx |
| Description |
NCHFA provides low-interest and zero-interest subordinate mortgages to homebuyers who are referred by nonprofits which are members in the Agency's programs. NCHFA also provides loans for closing costs for some borrowers under NCHFA-funded first-mortgage programs. |
| Grantee Eligibility |
homebuyers who are working with a local government, nonprofit housing organization, or regional organization which is a member in one of the agency's subordinate mortgage programs, and homebuyers who are receiving an NCHFA-financed first mortgage from their bank or lender. |
| Fund |
23010-2100 |
| State |
$1,775,000.00 |
| Federal |
$9,920,098.00 |
| Other |
$20,000.00 |
| Funding Year |
2013 calendar year |
| Keywords |
housing |
| Assistance |
direct loans |
|