(Repeal) Rhode Island Housing American Dream Downpayment Initiative

825-3098 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	3098	(Repeal) Rhode Island Housing American Dream Downpayment Initiative

Type of Filing	Direct Final Repeal
Regulation Status	Inactive
Effective	03/20/2017

Regulation Authority:

R.I. General Laws § 42-55-5(5)

Purpose and Reason:

The purpose of this repeal is to eliminate an obsolete rule. The Rhode Island Housing American Dream Initiative was intended to make homeownership affordable to low and moderate income Rhode Islanders by providing closing cost, down payment assistance, and home repair funds to income-qualified homebuyers. After a period of several years, the program ceased to operate. As a result, the rule no longer serves a practical purpose. Rhode Island Housing and Mortgage Finance Corporation proposes to repeal ERLID #3098 in its entirety.

INACTIVE RULE Repeal - effective from 03/20/2017

INACTIVE RULE Adoption - effective from 07/29/2004 to 03/20/2017

There are no electronic rulemaking documents for rules filed prior to August 14, 2018. For rulemaking documents for rules filed prior to this date, please contact the appropriate agency's Rules Coordinator.

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