Who is eligible to receive a $4,000 Home Run 2 Grant?
• Home buyers who did not receive a $6,000 grant under the previous $6,000 Home Run Grant Program. • Home buyers (any person taking title) must meet the following income restrictions: o Single person, maximum income, $75,000 o Married couple, maximum income, $150,000 o If more than one unmarried person is taking title to the Eligible Home, each such single person is subject to the $75,000 income limit. o Income calculations will be determined by the Adjusted Gross Income as verified by the Approved Lender using the 2008 IRS Federal Income Tax transcript obtained directly from IRS or from an authorized third-party vendor. • Home buyers must occupy the purchased home as a primary, permanent residence. • If home buyers need a mortgage loan to purchase the home, the loan must be a fixed interest rate, amortizing mortgage loan with a term of 30 years or less. • The Home Run 2 Grant Program is effective only for home purchases closed after a Home Run 2 Grant Commitment has been issued for th
