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' e <br /> Downpayment / closing cost loans may be leveraged with <br /> loans from financial institutions , USDA rural <br /> development , Community Development Block Grant ( CDBG ) , <br /> HOME Investment Partnership Program ( HOME ) and other <br /> applicable state or federal programs . <br /> b . Eligibility <br /> i . Geographic Area <br /> Downpayment / Closing cost loans may be made anywhere <br /> in the County , including all municipalities located <br /> within the County . <br /> ii . Housing Unit Classification <br /> All housing units shall be owner - occupied <br /> residences . Mobile homes are not eligible . <br /> Applicant Classification <br /> ( a ) Downpayment / Closing cost loans may be _ awarded <br /> to the following : <br /> 1 . Very Low - Income Eligible Persons <br /> 2 . Low - Income Eligible Persons <br /> 3 , Moderate - Income Eligible Persons <br /> At the beginning of each FY , funds for downpayment / <br /> closing cost assistance for the purchase of <br /> existing units will be allocated only to very low <br /> income households until such time that staff <br /> determines that at least 30 % of the funds to be <br /> utilized during the fiscal year will be used by <br /> very low income households . After that , funds for <br /> downpayment / closing cost assistance for the <br /> purchase of existing units may be made available to <br /> low and moderate income households . <br /> ( b ) Downpayment / Closing cost loans shall result in <br /> eligible housing for the following eligible <br /> persons : <br /> 1 . Very Low - Income Persons <br /> 2 . Low - Income Persons <br /> 3 . Moderate - Income Persons <br /> 22 <br />