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Mortgage Assistance Foundation
Consider establishing allocations for Housing Loan Programs
The most recent transfer of funds from the MAF Program Fund 20000 to the Housing Program Fund 19000 took place in December 2016 in the amount of $800,000. This allocation has yet been spent or allocated into the specific program budgets. Given the substantial changes being considered to the Loan Program Guidelines, it should be discussed whether specific allocations should be assigned to each program or if all of the individual programs should pull from one general pool as needed.
Staff is requesting the Board allocate the $800,000 into the Housing Loan Program budget.
Loan Activity Budget Sheet
Loan Activity Charts
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