The Fund launched its Movin’ Up Program. Unlike other single family bond programs the Fund offers, the Movin’ Up Program does not have a first time homebuyer restriction and has significantly higher income limits than other single family programs offered. Its target market is for moderate income buyers who may have outgrown their current homes and want to move up to a larger home or move on to a home of greater value and it allows the borrower to incorporate down payment and closing cost assistance into the loan package.
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