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When FHOP is repaid as Program Income, can it be used for any SHIP strategy?

April 26, 2017fhop income program repaid ship strategy Used

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When FHOP is repaid as Program Income, can it be used for any SHIP strategy?

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If you are repaid during the period when there is still an active homebuyer tax credit program, then it MUST be used to help more FHOP buyers. After this tax credit ceases, then the program income can be spent on any SHIP strategy.