(a) The purpose of the Taxable Mortgage Program is
to facilitate the origination of single-family mortgage loans and
to refinance existing Mortgage Loans for eligible Homebuyers and in
both cases to make down payment and closing cost assistance available
to eligible Homebuyers. Chapter 20 of this title (relating to the
Single Family Programs Umbrella Rule) does not apply to the activities
under this chapter, except if these activities are combined with activities
subject to Chapter 20 of this title.
(b) Assistance under this program is dependent, in
part, on the availability of funds. The Department may cease offering
all or a part of the assistance available under the program at any
time and in its sole discretion.
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