40b Consultants in MA | SEB Housing
Sebhousing31 Jan, 2022Real Estate
The guidelines state that household income is defined by HUD at 24 C.F.R. 5.609. HUD?s definition is not 100% applicable to 40B as it allows for homeownership and also imputes income from assets that are part of an active business which is asset exclusion in these guidelines. Additionally, in this section you updated the time period that an applicant cannot divest him/herself of an asset for less than full and fair cash value to 2 years. Click the link to read the full article or contact us at 617-782-2300.
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