Common use of Estimated Number of Participating Households Clause in Contracts

Estimated Number of Participating Households. It is estimated that up to 2,200 applicants/families could receive 2nd lien relief under this program. If the level of lender participation exceeds 60% versus the program’s 40% or the average program funding level averages less than the maximum of $16,500 in necessary funding to create the 2nd lien relief, then there could be an increase in the number of borrowers assisted.

Estimated Number of Participating Households. It is estimated that up to 2,200 1,246 applicants/families could receive 2nd lien relief under this program. If the level of lender participation exceeds 60% versus the program’s 40% or the average program funding level averages less than the maximum of $16,500 in necessary funding to create the 2nd lien relief, then there could be an increase in the number of borrowers assisted.