CDBG and HOME Proposed Guideline Revisions 4-15-2014.docx

May 04, 2020 · Criterion #4:Approval of subordination requests shall occur in situations that include the payoff of non-housing debt (i.e. credit card debt, medical debt) so long as total housing debt, including any new loans, remains less than 80% of the property value. Verification of credit card debt payments shall be required as a part of the final closing. ................
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