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Question 2

The Downpayment Assistance payment for a 90-day occupant may be increased to what amount even though the rental subsidy calculation may be less:

  1. A statutory amount limited to $5,250.

  2. May exceed $5,250, provided the payment is credited to the outstanding principal amount.

  3. A statutory cap of $22,500.

  4. Both 1 & 2.

  5. None of the above.


Updated: 9/5/2014
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