{"id":754,"date":"2013-11-05T18:31:14","date_gmt":"2013-11-05T18:31:14","guid":{"rendered":"http:\/\/garydubois.com\/2-4units\/section\/leverage-existing-down-payment-and-subordinate-loan-programs\/"},"modified":"2013-11-05T18:31:14","modified_gmt":"2013-11-05T18:31:14","slug":"leverage-existing-down-payment-and-subordinate-loan-programs","status":"publish","type":"post","link":"https:\/\/garydubois.com\/2-4units\/section\/leverage-existing-down-payment-and-subordinate-loan-programs\/","title":{"rendered":"Leverage existing down-payment and subordinate loan programs"},"content":{"rendered":"<p>The Small Building Initiative should leverage existing down payment assistance programs. A complex web of existing, temporary and restricted programs exist that would assist the purchase of two- to four-unit buildings.  These represent strategic financial sources to be accessed by the efforts in Woodlawn. I propose that the Small Building Initiative provide down-payment assistance to two- to four-unit buildings that are moderately renovated and that are formerly vacant, in the form a 5 year forgivable loan for which households up to 120% AMI are eligible. This particular down-payment assistance is intended to fill the gap for households at 80-120% AMI, prioritize projects that renovate properties, and require continued residence consistent with existing programs. The focus of lending to two- to four-unit buildings (and not homes converted to single family homes) means that this effort will create additional rental housing as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Small Building Initiative should leverage existing down payment assistance programs. A complex web of existing, temporary and restricted programs exist that would assist the purchase of two- to four-unit buildings. These represent strategic financial sources to be accessed by &hellip; <a href=\"https:\/\/garydubois.com\/2-4units\/section\/leverage-existing-down-payment-and-subordinate-loan-programs\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[308,299,307,8],"tags":[305,306,302,304],"class_list":["post-754","post","type-post","status-publish","format-standard","hentry","category-availability-of-and-attainment-of-down-payment-and-subordinate-loans-for-owner-occupant-purchases-of-two-to-four-unit-buildings-in-woodlawn","category-goal-iii-loan-fund-financial-assistance","category-objective-iii-b-more-interest-in","category-strategy","tag-down-payment","tag-permanent-financing","tag-public-subsidies","tag-subordinate-debt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/posts\/754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/comments?post=754"}],"version-history":[{"count":0,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/posts\/754\/revisions"}],"wp:attachment":[{"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/media?parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/categories?post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/tags?post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}