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The 2003 American Dream Downpayment Act authorized creation of this initiative as part of the HOME Investment Partnerships Program (HOME). It can provide downpayment assistance and cover closing costs. It can also fund some rehabilitation done in conjunction with the home purchase.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

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American Dream Downpayment Initiative (ADDI)

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The 2003 American Dream Downpayment Act authorized creation of this initiative as part of the HOME Investment Partnerships Program (HOME). It can provide downpayment assistance and cover closing costs. It can also fund some rehabilitation done in conjunction with the home purchase.