Page 5 - 2018 NHHFA Annual report

Dawn, a single mother with four daughters and a job as a building
inspector for the City of Nashua, was determined to become a home-
owner. After attending a seminar and receiving one-on-one home-
buyer counseling from the HOMEteam, she developed a plan to
build savings, eliminate debt and prepare for homeownership.
With an FHA 203K “S” rehab loan and downpayment assistance
through NHHFA, Dawn’s monthly housing costs are
now lower than when she rented.
Photo: Justin Cross

FY18

HOMEOWNERSHIP SINGLE-FAMILY
PROGRAM MORTGAGE PROGRAMS

MORTGAGE CREDIT
CERTIFICATES (MCC)

DOWNPAYMENT Number of
ASSISTANCE

Mortgage Loans
1,450

Number of MCC Issued
890 First-Time
Total Downpayment Homebuyers
Assistance in FY18 1,275
Total 1st Year Tax
$3.4 million Benefit of the MCC
$1.7 million
Average Amount Total FY18
$5,600 Amount of
Total Number Issued
Since Program Mortgage Loans
Number of Loans Inception $286 million
610 3,900

Loans without Total Tax Benefit to
Downpayment Homeowners Since
Assistance Program Began FY 2018 NHHFA ANNUAL REPORT
840 $7.2 million

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