§ 14-266. Authority.

Latest version.

(a)

Loan origination. The county is authorized to originate deferred payment loans directly to low income households and very low income households in accordance with the requirements of this division and the program rules and regulations approved by the council and the MFA. The deferred payment loans shall be made to income qualified residential households under this homebuyer assistance program.

(b)

Qualifying homebuyer assistance program.

(1)

Downpayment and closing costs assistance program. Origination of loans to income qualified residential households to assist with downpayment and closing costs.

(Ord. No. 02-270, § 1, 2-28-2017)

                    
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