SECTION 330:25-5-2. Acquisition cost

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The maximum sales price ("acquisition cost") of residences which may be financed and maximum income of borrowers under the 1987 Program shall be as specified by the U.S. Department of Treasury ("Treasury"), Internal Revenue Service ("IRS") and/or the U.S. Department of Housing and Urban Development ("HUD") published guidelines as may be modified by OHFA's Board of Trustees. Information on the specific maximum sales price (acquisition cost) of residences which may be financed and maximum income of borrowers and other eligibility criteria shall be available through participating lending institutions.

                    
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