HOP has overcome this problem by creating two mortgage loan pools which cover virtually all costs.
All units are owner-occupied.
This profile outlines the program's components and makes recommendations for replicating it in other communities. Consult this handy real estate development glossary for all the things you know you know, but were afraid to ask. Ginnie Mae helps to ensure that mortgage funds are available throughout the United States, especially in rural and urban areas where it has traditionally been harder to borrow money to purchase a home. The comprehensive website includes a host of tools for homebuyers, developers and investors and a variety of homeownership resources. There is also a kid's area that includes information, stories and games.