What is a requirement for members purchasing multi-family properties with NACA?

For members purchasing multi-family properties with NACA, the requirement is that the member must live in one of the units. This is in line with the program's goal to promote homeownership and stability in communities. By requiring the member to reside in one of the units, NACA ensures that homebuyers are actively engaged with their property and community, which can help foster neighborhood ties and responsible property management.

This residency requirement distinguishes NACA from traditional investment property purchases, where the focus is often solely on generating rental income. Occupying one of the units provides the member with the opportunity to personally oversee the management and upkeep of the property while also enjoying the benefits of homeownership, such as potential appreciation and stability.

The other options do not align with NACA's objectives. Requiring the member to occupy all units does not accommodate flexible living arrangements, while having reserves for all unit types is not a standard stipulation under NACA's guidelines. The last option contradicts the program's mission since using the property solely for rental income would not meet the occupancy requirement.