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Is Nehemiah Funding Gifts After October 1st?
The passage of H.R. 3221 eliminates privately-funded downpayment assistance for millions of working class
American's as of October 1, 2008. However, per the specific language of the law, Nehemiah is lawfully able to
continue funding DPA gifts for FHA loans where the borrower was credit approved per FHA guidelines on or before
September 30, 2008.
Nehemiah will require that the lender certifies that the borrower was credit approved per FHA guidelines on or
before September 30, 2008. Nehemiah will continue to fund certified gifts through November 28, 2008, at which time
The Nehemiah Program will cease operations.
For gift funds requests with closing/funding dates after September 30, 2008, the FHA lender must certify to
Nehemiah that mortgagor credit approval, in accordance with all applicable FHA requirements, was granted by that
lender before October 1, and that such credit approval is and will remain in effect through closing.
Lenders have two options in which to make this certification:
- If transaction was registered with Nehemiah prior to October 1st, 2008,
click here to download
and print certification form. Complete form and fax it to 916-326-5428.
- If transaction is registered on or after October 1st, 2008, there will be a box that must be checked where the lender certifies the transaction.
Unfortunately, we are unable to make exceptions to this policy. Please call customer service at 877-634-3642 if you have any questions.
Click here if you would like to read an outline of events regarding downpayment assistance in Washington, D.C. Nehemiah’s staff has boiled down the most significant events and lengthy documents into concise, bit-sized summaries to keep you informed.
Click here if you are looking for the official documents relating to potential legislation and rulings affecting downpayment assistance.
Click here to read about recent downpayment assistance events in the media.
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Nehemiah's 501(c)(3) active status
Attorney's letter confirming Nehemiah's 501(c)(3) active status - (June 11, 2008)
FHA Web Page on DAPs whose nonprofit status has been revoked
IRS Ruling 2006-27
