La. Admin. Code tit. 16 § II-801

Current through Register Vol. 50, No. 11, November 20, 2024

Section II-801 - Introduction

A. The LHC MCC Program is designed to assist citizens of the state of Louisiana that:

1. are first time homebuyers or persons who have not owned a principal residence in the past three years;

2. are purchasing a residence in certain areas of the state, called "targeted areas;"

3. are using a 30-year fixed rate and term mortgage which does not involve mortgage revenue bonds; and

4. are purchasing a property to be used as their primary residence.

La. Admin. Code tit. 16, § II-801

Promulgated by the Department of the Treasury, Louisiana Housing Corporation, LR 41:1773 (September 2015).

AUTHORITY NOTE: Promulgated in accordance with R.S. 40.600.86 et seq.