La. Admin. Code tit. 16 § I-335
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-335 - Conditions and Special Determinations in AuthorizationA. An insured mortgage loan purchase commitment of the agency, the issuance of which is authorized by an agency resolution, shall include such conditions as the agency considers appropriate with respect to the commencement of construction of the proposed housing project, the marketing and occupancy of such housing project and the use, disbursement and repayment of the insured mortgage loan authorized. A mortgage loan purchase commitment may include a financial analysis of the subject housing project, which shall establish the initial schedule of rents or occupancy charges, the approved budget for operation of the housing project and the schedule of use of the proceeds of the insured mortgage loan.La. Admin. Code tit. 16, § I-335
Promulgated by the Department of Urban and Community Affairs, Housing Finance Agency, LR 7:197 (April 1981).AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.1 et seq.