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.
Fact #34 â The Closing Disclosure (CD) must continue to be disclosed to the borrower up to 60 days after closing if any changes occur. If the change is a monetary change to a fee or credit discovered after closing, the CD must be redisclosed within 30 days after the closing.