{"id":755,"date":"2013-11-05T12:07:23","date_gmt":"2013-11-05T12:07:23","guid":{"rendered":"http:\/\/garydubois.com\/2-4units\/section\/create-new-down-payment-assistance-targeting-rehab-of-woodlawn-two-to-four-unit-buildings\/"},"modified":"2013-11-05T12:07:23","modified_gmt":"2013-11-05T12:07:23","slug":"create-new-down-payment-assistance-targeting-rehab-of-woodlawn-two-to-four-unit-buildings","status":"publish","type":"post","link":"https:\/\/garydubois.com\/2-4units\/section\/create-new-down-payment-assistance-targeting-rehab-of-woodlawn-two-to-four-unit-buildings\/","title":{"rendered":"Create new down-payment assistance targeting rehab of Woodlawn two- to four-unit buildings"},"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\/create-new-down-payment-assistance-targeting-rehab-of-woodlawn-two-to-four-unit-buildings\/\">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":[309,303,310],"class_list":["post-755","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-assistance","tag-homeownership","tag-middle-income"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/posts\/755","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=755"}],"version-history":[{"count":0,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/posts\/755\/revisions"}],"wp:attachment":[{"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/media?parent=755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/categories?post=755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/garydubois.com\/2-4units\/wp-json\/wp\/v2\/tags?post=755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}