Published 2009. Created for NCB Capital Impact by Heather Gould and Barbara Kautz, Goldfarb & Lipman LLP with Rick Jacobus, Burlington Associates.
The NSP report developed by Goldfarb & Lipman LLP and Burlington Associates for NCB Capital Impact outlines federal requirements for preserving affordability of NSP assisted homeownership units. The report describes specific legal and financial structures that jurisdictions might use to meet HUD requirements and preserve long term affordability. Several examples of NSP programs are profiled showing the steps communities are taking to ensure that assisted homes remain affordable over time.
To read the rest, download the PDF: “Preserving Affordability of NSP Funded Foreclosed Properties”