Section 204-C:78 – Guarantee Fee.
204-C:78 Guarantee Fee. – The authority shall collect from the lender a guarantee fee. Notwithstanding any provision of law to the contrary, such fee may be assessed by the lender against the borrower as a permitted loan charge. The authority shall segregate such fees into a special account subject to withdrawal in order to […]
Section 204-C:79 – Guarantee; Credit of State Pledged.
204-C:79 Guarantee; Credit of State Pledged. – The full faith and credit of the state is pledged to support and redeem the certificates of guarantee issued by the authority. In furtherance of that pledge, the state treasurer shall advance to the authority from available cash in the treasury or from proceeds of bonds or […]
Section 204-C:80 – Purpose.
204-C:80 Purpose. – The purpose of this subdivision is to establish a homeless prevention program and a fund therefor to be used to provide housing assistance on behalf of very low income persons and families in order to help them meet their housing costs, thereby preventing homelessness resulting from their inability to meet such […]
Section 204-C:81 – Definitions.
204-C:81 Definitions. – In this subdivision: I. " Fund " means the homeless prevention fund. II. " Housing assistance payments " means rent subsidies, security deposit advances, mortgage assistance payments, and any other shelter cost-related payments made on behalf of very low income households. III. " Minor child " means a person under 18 […]
Section 204-C:82 – Fund Established.
204-C:82 Fund Established. – I. There is hereby established within the authority a homeless prevention fund. The fund shall be comprised of donations from private persons or entities, grants, set-asides, and other appropriations authorized by law. All sums from government appropriations or grants shall be credited to the fund, but such sums shall not […]
Section 204-C:83 – Program Design.
204-C:83 Program Design. – The homeless prevention fund shall be administered so as to promote the following goals and objectives: I. Applications for the benefits provided under this subdivision shall be streamlined so as to enable the authority to provide assistance to the eligible households as quickly as practicable. II. The program shall be […]
Section 204-C:68 – Rulemaking.
204-C:68 Rulemaking. – Pursuant to RSA 204-C:53, the authority shall adopt rules relative to: I. Criteria for eligibility for loans made under this subdivision. II. Application procedures for such loans. III. Interest rates and amount of loans. IV. Procedures for repayment of loans made under this subdivision. V. Any other matter necessary to the […]
Section 204-C:69 – Coordination with Other Programs.
204-C:69 Coordination with Other Programs. – The authority shall establish procedures to ensure that the loan program established under this subdivision shall be coordinated with programs administered by the authority including but not limited to the other mortgage assistance programs administered by the authority. Source. 1988, 240:10, eff. July 1, 1988.
Section 204-C:70 – Investment of Funds.
204-C:70 Investment of Funds. – Moneys appropriated under this subdivision and revenues received from interest payments or loan repayments may be invested by the authority. Income earned from such investment and any interest payments received from loan recipients shall be returned to the program; provided, however, that the authority may use up to 10 […]
Section 204-C:71 – Purpose.
204-C:71 Purpose. – The purpose of this subdivision is to assist nonprofit, for-profit, and business child care providers to develop or expand licensed quality child care centers or programs by establishing a guaranteed loan program for such purpose. Source. 1989, 411:3, eff. July 1, 1989.