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.
The Settlement Statement is essentially the financial picture of the closing. All money flowing into and out of settlement must appear on the form. The statement will show a detailed itemization of all the costs pertaining to the real estate sale or mortgage loan transaction. In some areas, the settlement statement may be called the Closing Statement, the Settlement Disclosure Statement, or simply the Settlement sheet.