Seattle PI.com has story HERE.
Devil will be in details about WHO HUD will allow to front the money against receipt of a future tax benefit. (Sounds like a one year LIHTC at the SF level, no?).
Pretty sure HUD will insure that is NOT a party with an interest in the transaction, like the lender, home builder, or a "non profit" wanting to provide new version of gift funds.
Stay tuned.
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