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RECAPTURE NOTIFICATION AND BORROWER(S) AFFIDAVIT Home First and Home First Plus ProgramsPART I BORROWER(S) AFFIDAVIT The undersigned Borrower(s) as applicants for a home mortgage originated pursuant
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01
Read the instructions carefully before starting.
02
Gather all the required information and documents.
03
Open the home first recapture notification form.
04
Fill in your personal details such as name, address, and contact information.
05
Provide information about your home, including the date of purchase and the purchase price.
06
Ensure that you accurately report any changes in the use or occupancy of the property.
07
Attach any supporting documents required, such as proof of residency or income.
08
Double-check all the information filled in the form for accuracy.
09
Submit the completed form and supporting documents to the appropriate authority.
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Keep a copy of the filled form and supporting documents for your records.

Who needs home first recapture notification?

01
Homeowners who have previously received assistance from the Home First program.
02
Individuals who have purchased a home through the Home First program and are required to notify the authorities about any changes or recapture events.
03
Anyone who has been instructed to fill out the home first recapture notification form by the relevant housing authorities.
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The home first recapture notification is a form that must be filed to report any recapture of assistance provided through the HOME Investment Partnerships Program. It is used to inform the relevant authorities about the repayment of funds when the assisted property is not used for its intended purpose.
The property owner or developer who received HOME funds and is subject to recapture provisions is required to file the home first recapture notification.
To fill out the home first recapture notification, provide details about the property, the amount of HOME funds received, the reason for recapture, and any relevant financial information as required by the specific form. Ensure accuracy and completeness before submission.
The purpose of the home first recapture notification is to formally notify the federal authorities about the recapture of HOME funds due to changes in the use or occupancy of the property, ensuring accountability and compliance with HOME program regulations.
The information that must be reported includes the property address, HOME investment amount, recapture reason, calculations of the recapture amount, and any other details outlined in the notification form.
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