Does the stipend that a veteran receives count as 'included income'
If the income is retirement or disability, yes. Please define “stipend”— or check the inclusion/exclusion list to see if it is more clearly defined for the type of income you are requesting.
What will happen in a foreclosure with the down payment money?
The down payment will be a recorded lien against the property. If there are funds available, the balance will be returned to IHDA at the time of foreclosure settlement. If no funds are available, IHDA will release.
What is included in the development costs (in the adopted policy)?
Development costs include all costs including Gift in Kind, staff costs, etc. Check HfHI’ s approved house pricing document on my.habitat Document expenses and payment to show costs exceed appraised value and provide documentation with request.