Home Log-In Inside GKB Legal & Compliance Locations Contact Us Site Map
National Housing Finance Group Targeted Subsidy Mortgage Credit Cert Lease To Own Financing Second Mortgage Gap Subsidy Fund Leveraging Taxable Lending Tax Exempt Lending Second Mortgage gifted Down Payment Contact Us Links tools Upcoming Events research New Offerings Innovations Firm Profile
Tax-Exempt Lending Programs

By combining a second mortgage with a first mortgage funded through a traditional single family mortgage revenue bond issue, an issuer can offer a lending program that can provide as much as eight points of down payment assistance. The second mortgage bonds, which fund the second mortgages, can be funded through the issuance of tax-exempt or taxable bonds.