§ 8-3-310. Authorized Disbursement
The commission may authorize the disbursement of available money from the trust fund for residential housing projects sponsored by a qualified sponsor. The commission may consult, as appropriate, with persons with varied and diverse interests in housing in order to acquaint them with the trust fund and to solicit information relating to housing needs, residential […]
§ 8-3-311. Powers of Commission to Hold Title, Foreclose, Commence Action to Protect or Enforce Rights, and Exercise Other Rights for Its Benefit or Protection
The commission shall have the power to hold title to any residential housing project financed by it, but it shall not be required to do so. The commission shall have the power to foreclose on any mortgage or security interest in default and to commence any action to protect or enforce any right conferred upon […]