City of Racine - File #: 11-6167

• File #: 11-6167
• Version: A
• Name: Policy amendment: Buyers interested in using Down Payment Assistance are required to have a minimum of $1000 of their own funds in the transaction in addition to the existing qualifying criteria.
• Type: Communication
• Status: Passed
• File created: 3/8/2011
• In control: Loan Board of Review
• Final action: 3/10/2011
• Title: Subject: Policy amendments: 1. Buyers interested in using Down Payment Assistance are required to have a minimum of $1000 of their own funds in the transaction in addition to the existing qualifying criteria; 2. Down Payment Assistance grants are increased to $10,000.

Date	Ver.	Action By	Action	Result
3/10/2011	A	Loan Board of Review	Approved	Pass

Title

Subject: Policy amendments: 1. Buyers interested in using Down Payment Assistance are required to have a minimum of $1000 of their own funds in the transaction in addition to the existing qualifying criteria; 2. Down Payment Assistance grants are increased to $10,000.