South Carolina Code of Regulations
Chapter 64 - SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY
Section 64-2 - Downpayment Assistance

Universal Citation: SC Code Regs 64-2

Current through Register Vol. 48, No. 9, September 27, 2024

A. Monies deposited in the South Carolina State Housing Finance and Development Authority Program Fund may be used to provide downpayment assistance to qualified lower income applicants for mortgage loans under the Homeownership Mortgage Purchase Program or other similar programs of the Authority.

B. The amount of the downpayment assistance, the terms upon which it is extended and the qualifications to be met by applicants for assistance will be determined by the Authority's Commissioners on a continuing basis.

C. Based upon considerations of need, availability of funds and other program considerations, the Authority's Commissioners may make a determination whether or not downpayment assistance will be available during any particular period of time.

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