Agency can elect maximum $5,250 downpayment and apply uniformly.
Downpayment no longer limited to conventional loan downpayment amount.
In the case of the first bullet, there was only a minor clarification of the language of the regulation with no change in meaning or implementation.
The second bullet, in the new Appendix language, does make a change in that the downpayment is no longer limited by the minimum downpayment amount required for obtaining a conventional loan.
IMPLEMENTATION: This potentially would benefit purchasers of lower value Decent, Safe, and Sanitary replacement properties. It would also tend to lessen administrative burden of agencies to implement the downpayment program.