[Repeal] First Amendment to and Restatement of the Rules and Regulations of the Corporation Applicable to the Predevelopment Loan Program
825-1115 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 | 1115 | [Repeal] First Amendment to and Restatement of the Rules and Regulations of the Corporation Applicable to the Predevelopment Loan Program |
| Type of Filing | Direct Final Repeal |
| Regulation Status | Inactive |
| Effective | 06/19/2017 |
Regulation Authority:
R.I. General Laws § 42-55-5(5)
Purpose and Reason:
The purpose of this repeal is to eliminate an unnecessary rule. The above-captioned rule describes a program through which Rhode Island Housing assists eligible developers by providing loans to support the retention of site control and/or efforts to determine the feasibility of prospective affordable housing development activities. This is an agency-sponsored loan program, for which funding has historically fluctuated and is currently under review.
INACTIVE RULE
Repeal
- effective from 06/19/2017
