12 GCA § 4206.2: 3/2 Option Qualifications.

(a) Grants and loans under § 4206.1 shall be limited to the following:

Adjusted Income: Qualifies For:

Less than $34,335, Outright Grant,

$34,335 to $39,240, 5 Year Interest Free

Loan,

$39,240 to $45,780, 3 Year Interest Free

Loan,

Over $45,780, No Grant or Loan.

(b) Funding under § 4206.1 will be available only if the Financial Institution is a participant in the 3/2 Option program.

(c) All amounts above shall be reduced to the extent the applicant has available resources and any family gifts that may be applied to the Down Payment.