HUD-2003-14-CPD
Over the past ten years HOME participating jurisdictions (PJs)
have devoted increasing portions of their HOME Program funds to
homebuyer activities. This increasing emphasis on homeownership
has been encouraged in part by research documenting the many benefits
low-income families derive from owning their own homes. At the operational
level, advances in the mortgage marketplace have facilitated the
increase in HOME assistance for affordable homeownership. As lenders
have developed tools to better understand the needs of low-income
borrowers and evaluate risk, new lending products have been tested
and the viability of the affordable homeownership market has been
amply demonstrated. How should a PJ get started on redesigning a
homebuyer program to synchronize it with the operations of the private
mortgage market? Read Fitting
the Pieces Together to find out.
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