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HCHA meeting <br />September 7, 2021 <br />buyer programs which require no down payment so that's the reason for the <br />change, there were conflicting policies. <br />Kierkiewicz: Yes, got those details, just wondering, have you designated are you <br />looking for a million for the program, three million, is there a range in which you <br />want to be designated. <br />Moore: So that would be determined by the amount, the 25% above the 75 <br />required for the 30% AMI only because home ownership, there's all these other <br />qualifications, they have to be employed, they have to have a credit score, so <br />there's all these variables so they're more likely be in the higher income level, <br />more moderate income level so I'm, I think we said in our policy, I think we <br />opted to get five additional homeownership options this year. We only currently <br />have seven, three of which were closed escrow this fiscal year. <br />Kunz: So there's no dollar cap? <br />Moore: There's no dollar amount, it depends... <br />Kierkiewicz: It's a set amount of folks you can help is what I'm.... <br />Moore: No... <br />Kunz: This category of individuals who qualify for this program, or would be <br />coming in for a mortgage subsidy program would be those at 50% to 80% AMI, <br />right, they're not going to be at the lower income and what will cap it is us <br />meeting or exceeding this 25% threshold (inaudible) of the new applicants only <br />25% that be in that AMI, so that's the cap. <br />Kierkiewicz: Got it, thank you. And then, just a clarifying question as I was <br />reading through the Plan I noticed a moving up strategy, is this the same thing <br />as the Emergency Housing Voucher Program? And the reason why I bring that <br />up is because I was going through the testimony that was provided as part of <br />the packet, there are a number of folks that really wanted to make sure that <br />OHCD is going to be continuing the Moving Up Program, so just trying to get <br />clarification. <br />Kunz: Yes, it is. I apologize it is not on my list here but there is a preference for <br />Moving Up program. <br />Kierkiewicz: That's separate from the Emergency Housing because the Moving <br />Up is intended to support homeless individuals. <br />Page 15 of 34 <br />