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Galina-37 [17]
2 years ago
12

Which organization establishes relationships with financial institutions to offer home ownership programs that include down paym

ent assistance through grants and favorable terms?
Business
1 answer:
iVinArrow [24]2 years ago
7 0

National Housing Federation establishes relationships with financial institutions to offer homeownership programs that include down payment assistance through grants and favorable terms.

<h3>What is National Housing Federation?</h3>
  • NHF housing association members provide homes for approximately six million people and are motivated by a social purpose: providing good quality housing at an affordable price.
  • NHF assists its members in achieving that social purpose through ambitious work that results in positive change.
  • The NHF offers interest-free season ticket loans and a cycle-to-work salary sacrifice scheme that covers the cost of a bike and accessories.
  • NHF also provides an interest-free loan to assist you with a deposit when renting a home.
  • The National Housing Federation works with financial institutions to offer homeownership programs that include down payment assistance in the form of grants and favorable terms.

Therefore, National Housing Federation establishes relationships with financial institutions to offer homeownership programs that include down payment assistance through grants and favorable terms.

Know more about National Housing Federation here:

brainly.com/question/899282

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Answer:

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At 2019 year end,sinking fund payments and note payable are due, hence  the disclosure in that regard at 31st December 2017 is $4,784,000  

At 2020 year end,bonds and sinking fund payments mature,as a result the disclosed amount is $8,482,000  in respect 31st December 2017 .

At 2021 year end,only sinking fund  is due for payment leading to disclosure of $2,734,000 as at 31st December,2017.

The figures are shown down the line.

Explanation:

Long-term debt is a debt that is repayable in more than a year's time.

Note payable is an agreement between companies issuing the notes and the investors investing in the notes that the amount invested in the notes would be repaid to investors as well as the interests thereon.

Sinking Fund is a fund set aside to redeem debt principal at a specified time in future by putting a specific amount in the sinking fund account at intervals,whose interest and principal would be enough to settle loan obligations.

Years  Requirment                      Workings

2018  $0  

2019 Sinking fund                                   $2,734,000  

2020 Sinking fund and note payable $4,784,000  ($2,050,000 +$2,734,000)

2021 Bond and sinking fund     $8,482,000  ($6,750,000 + $2,734,000)

2022 Sinking Fund                                       $2,734,000  

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