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Per HOME/Federal regulations this home must be sold to Buyers at or below 80% of HUD Area Median Income. Accordingly, a Fair Market Value Reduction may be provided as a direct buyer subsidy to reduce the amount the buyer will need to borrow. The amount of the Fair Market Value Reduction will depend on the need of the buyer.
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Courtesy of: Berkshire Hathaway Home Information Deemed Reliable But Not Guaranteed. ©2022 Metropolitan Indianapolis Board of REALTORS®. Updated: 16th May, 2022 9:20 PM (UTC)