<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:st1="urn:schemas-microsoft-com:office:smarttags" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv=Content-Type content="text/html; charset=iso-8859-1">
<meta name=Generator content="Microsoft Word 11 (filtered medium)">
<!--[if !mso]>
<style>
v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style>
<![endif]--><o:SmartTagType
namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="country-region"/>
<o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags"
name="State"/>
<o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags"
name="City"/>
<o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags"
name="place"/>
<!--[if !mso]>
<style>
st1\:*{behavior:url(#default#ieooui) }
</style>
<![endif]-->
<style>
<!--
/* Font Definitions */
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{color:#C4A53C;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{color:gray;
text-decoration:underline;}
span.EmailStyle17
{mso-style-type:personal-reply;
font-family:Arial;
color:navy;}
@page Section1
{size:8.5in 11.0in;
margin:1.0in 1.25in 1.0in 1.25in;}
div.Section1
{page:Section1;}
-->
</style>
</head>
<body lang=EN-US link="#C4A53C" vlink=gray>
<div class=Section1>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>One problem (I think).<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Assuming that the price of a moderately
priced house in the <st1:place w:st="on"><st1:City w:st="on">Moscow</st1:City></st1:place>
area is, say $100,000.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>ADDI provides $10,000 for
down-payment/closing costs. That leaves $90,000. Mortgaged over 30
years at 7%, monthly mortgage payments amount to $598.77.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>$598.77 per month for the next 30 years is
a little steep for a family on Section 8.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Any thoughts?<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Tom Hansen<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Moscow, Idaho<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'>We could learn a lot from crayons: some are
sharp, some are pretty, some are dull, some have weird names, and all are
different colors....but they all exist very nicely in the same box. </span></font><o:p></o:p></p>
</div>
<div>
<div class=MsoNormal align=center style='text-align:center'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>
<hr size=3 width="100%" align=center tabindex=-1>
</span></font></div>
<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
vision2020-bounces@moscow.com [mailto:vision2020-bounces@moscow.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Janesta D. Carcich<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, May 31, 2005 9:51
AM<br>
<b><span style='font-weight:bold'>To:</span></b> Vision 20/20<br>
<b><span style='font-weight:bold'>Subject:</span></b> [Vision2020] $10,000 Down
Payment Assistance Available Via American Dream Down Payment Initiative </span></font><o:p></o:p></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'>
<blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
</blockquote>
</blockquote>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'><br>
Good morning!<br>
<br>
This program will assist in the purchase of a home. *smile* Perhaps you, or
someone you know would benefit from this. If so, please pass it on!<br>
<br>
Have a lovely day!<br>
<br>
Janesta Carcich<br>
Independent Living Advocate<br>
<br>
<o:p></o:p></span></font></p>
<blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=MsoNormal><b><?fontfamily><?param Arial><font size=3
face="Times New Roman"><span style='font-size:12.0pt;font-weight:bold'>(<st1:City
w:st="on"><st1:place w:st="on">BOISE</st1:place></st1:City>) Starting April 1, eligible
home buyers can get up to $10,000 in down payment assistance through a new
program from <st1:State w:st="on"><st1:place w:st="on">Idaho</st1:place></st1:State>
Housing and Finance Association. The Bush Administration, together with the <st1:country-region
w:st="on"><st1:place w:st="on">U.S.</st1:place></st1:country-region> Department
of Housing and Urban Development, has launched the American Dream Down Payment
Initiative, which offers assistance based on need and income. IHFA will
administer these funds in <st1:State w:st="on"><st1:place w:st="on">Idaho</st1:place></st1:State>.</span></font><?/fontfamily></b><br>
<br>
<b><?fontfamily><?param Arial><span style='font-weight:bold'>"ADDI funds
are primarily for those in mobile home parks, public housing units and current
Section 8 voucher holders," said Julie Williams, IHFA vice president of
Community Housing Services. "Families earning below 80 percent of the
median area income and first-time home buyers, or families participating in an
Individual Development Account program, which sets aside and provides matching
funds for education, employment and housing, also qualify.</span><?/fontfamily></b><br>
<br>
<b><?fontfamily><?param Arial><span style='font-weight:bold'>Some sources have
estimated that up to 30 percent of low-income families cannot afford to buy a
modestly priced home solely because they lack sufficient funds for the down
payment and closing costs. Obtaining the resources to meet these upfront costs
is the most significant obstacle to home ownership among lower-income families,
Williams said. </span><?/fontfamily></b><br>
<br>
<b><?fontfamily><?param Arial><span style='font-weight:bold'>"The American
Dream Down Payment Initiative will eliminate this obstacle for many while
enabling communities to increase home ownership opportunities, particularly for
lower-income and minority households, broaden their tax base and revitalize
neighborhoods," she added.</span><?/fontfamily></b><br>
<br>
<b><?fontfamily><?param Arial><span style='font-weight:bold'>For more
information on ADDI, contact IHFA's Grant Programs Department at 1-877-4GRANTS
or check IHFA's Web<?color><?param 0000,0000,FFFB> <?/color>site at<?color><?param 0000,0000,FFFB>
<?/color><?color><?param 0000,0000,EEEA>www.ihfa.org/addi_information.asp<?/color><?color><?param 0000,0000,FFFB>.
<?/color>For initiative updates or information on the availability of other HUD
home ownership assistance programs, please check HUD's Web site at<?color><?param 0000,0000,FFFB>
<?/color><?color><?param 0000,0000,EEEA>www.hud.gov<?/color><?color><?param 0000,0000,FFFB>. </span><?/color><?/fontfamily></b><br>
<b><?fontfamily><?param Arial><span style='font-weight:bold'> <?color><?param 0000,0000,FFFB> <?/color><?/fontfamily><?fontfamily><?param Times New Roman><?bigger> </span><?/bigger><?/fontfamily></b><o:p></o:p></p>
</blockquote>
</div>
</body>
</html>