If a family has. to spend more than 30% of their. income on rent, they are considered. ârent burdened.â. This document is for informational purposes only. This is not an application for affordable housing. you will receive an affordable unit. get more information or to apply online.  you will receive an affordable unit.
The Closing Disclosure will combine the disclosures currently provided in the HUD-1 settlement statement and any revised Truth in Lending statement. It is now a 5 page document compared to the current 3 page document. Critically, the Closing Disclosure must be provided at least 3 business days before the closing.
Here is a look at the general contents of each page of the Closing Disclosure. 1  Page 1: Information, loan terms, projected payments costs at closing. 2  Page 2: Closing cost details including loan costs and other costs.  Page 3: Cash needed to close and a summary of the transaction.