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Significant decline in MSHDA's overall credit quality (G.O.
But because she was receiving an MSHDA loan, a 1% prepayment fee was required if the mortgage was paid off in less than three years.
The family obtained a $38,400 first-mortgage loan from the NHS for the purchase of a $51,400 home, and MSHDA's First-Home Program provided a $9,600 forgivable second mortgage plus a $2,800 grant.
This forum follows one held in April 2011 under the guidance of MSHDA. The agency collaborates with a coalition of cities to manage and administer the state's very large Neighborhood Stabilization Program (NSP) grant.
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