Vendor needs to provide homeownership investment fund services to the government authority located in Rhode Island.– The rental income should be added to the homebuyer’s income and discounted based on lender industry standards.– The applicable bedroom size should be based only on the homebuyer unit.– Evidence of demand or need for the project through market analysis and study, local demographics, waiting list, etc.– Provide proof of organization’s creditworthiness.– Letters of funding commitments.– The developer must have experience in the successful development and sale of affordable homeownership opportunities.
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