04/24/2026
๐ ๐๐ ๐ง๐ผ ๐๐๐๐: ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐๐ ๐ ๐๐ถ๐บ๐ถ๐๐ ๐๐ผ๐ฟ ๐๐ผ๐๐ป ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐ ๐ฃ๐ฟ๐ผ๐ด๐ฟ๐ฎ๐บ๐
Allowing borrowers with up to 100% of AMI to be eligible for these programs.
KEY TAKEAWAYS
โ๏ธMBA wants borrowers with up to 100% of AMI to be eligible for these programs, and to eliminate the income limit for properties located in low-income census tracts.
โ๏ธAn increase in the AMI threshold could better serve minority borrowers who have the means to meet their monthly mortgage obligations.
โ๏ธIn cities with a significant Black population, the income needed to afford a home is at least 100% of AMI.
โ๏ธHomes priced $350,000 or less, raising the AMI to 100% makes about 40% more of that buildersโ communities available to these borrowers.
Read full story at https://snip.ly/dnv3yz.
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