HUD grants relief for CHDAP down payment assistance

Mark DiMercurio | August 20th, 2015

The California Housing Finance Authority (CalHFA) is reinstating the program for FHA first loans immediately.  The program was temporarily suspended because HUD felt that the CHDAP did not compy with the Housing adn Economic Recovery Act of 2008 which governs down payment assistance programs combined with FHA- insured first mortgages.  Attached is the CALHFA bulletin.

http://www.calhfa.ca.gov/homeownership/bulletins/2013/2013-02.pdf