When is a household’s income established to determine eligibility for AHP assistance?
• • For Habitat-type projects, homeownership programs that employ Individual Development Accounts (“IDA”), and owner-occupied rehabilitation projects, a household’s income and AHP eligibility are determined at the time that they are enrolled and approved to participate in the project. For all other homebuyer initiatives, a household’s income and AHP eligibility are determined at the time that they are approved for mortgage financing (i.e., the issuance date of the loan commitment).
