Louisiana Administrative Code
Title 16 - COMMUNITY AFFAIRS
Part II - Housing Programs
Chapter 9 - Workforce Housing Initiative
Section II-911 - Types of Assistance and Proscribed Use
Universal Citation: LA Admin Code II-911
Current through Register Vol. 50, No. 9, September 20, 2024
A. Down payment and closing costs assistance is not available for the Workforce Housing Initiative Program.
B. Borrowers will pay a 1.5 percent origination fee and 1 percent discount point.
C. Borrower will pay reasonable and customary fees and closing costs.
D. Sellers concessions up to 3 percent of the sales price is permitted.
E. Maximum loan amount is $300,000 based upon current appraisal.
AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.86 et seq.
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