FROM OUTSIDE--The Fund for Academic Renewal (FAR), an American Council of Trustees and Alumni program to help donors make transformative gifts to higher education, is expanding to give donors a more powerful voice in determining the direction U.
HUD's data does not support that mortgages involving down payment gift assistance
from nonprofit organizations increases risk to the FHA insurance fund," the RFS report claims.
Although we have seen many cases of lost careers and other examples of economic upheaval among our families, the incidence of requests for additional gift assistance
has not increased dramatically.
To receive financial gift assistance
, the buyer must qualify for a home loan that will accept the charitable contribution and purchase a home from a builder/seller who is willing to participate in the AFF program.