Third Amendment to and Restatement of Rules and Governing the Construction Loan Program and Land Bank Program


825-1117 INACTIVE RULE

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Title 825 Housing and Mortgage Finance Corporation
Chapter XXX Old Regulations Which Were Not Assigned Chapter-Subchap-Part
Subchapter XX Old Regulations Which Were Not Assigned Chapter-Subchap-Part
Part 1117 Third Amendment to and Restatement of Rules and Governing the Construction Loan Program and Land Bank Program
Type of Filing Periodic Refile
Regulation Status Inactive
Effective 12/28/2001 to 06/19/2017

Regulation Authority:

R.I.G.L. 42-55-5(5)

Purpose and Reason:

The Corporation wil set aside funds to provide affordable housing in Partnership with Eligible Developers to low and moderate income residents of Rhode Island who are Qualified Purchasers or for eventual rental to eligible tenants. The Land Bank Program is to be used for the acquisition and development of unimproved real estate for the construction of new housing.