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.
Section 204-C:72 – Definitions.
204-C:72 Definitions. – In this subdivision: I. "Authority" means the New Hampshire housing finance authority established under this chapter. II. "Child day care agency" means any person, corporation, partnership, or other organization registered with the state as a nonprofit or for-profit child care organization, or any business organization which, as a service to its […]
Section 204-C:73 – Rulemaking.
204-C:73 Rulemaking. – The authority shall adopt rules, pursuant to its own procedures, relative to: I. The conduct of its business. II. The selection and maintenance of eligible lenders. III. The type of security it shall demand of eligible borrowers. IV. A schedule of fees to be charged for the issuance of certificates of […]
Section 204-C:74 – Administration; Eligibility; Demonstration.
204-C:74 Administration; Eligibility; Demonstration. – I. The authority shall make a good faith effort to approve applications from both nonprofit and for-profit child care organizations and business organizations which currently provide or are planning to provide child care services for their employees, consistent with the minimum criteria established in this section. When entering into […]
Section 204-C:75 – Guarantee.
204-C:75 Guarantee. – Upon application from a lender in such form as the authority may require, the authority may issue, or commit itself to issue, payable solely from the funds provided pursuant to 204-C:79, to the lender or its assigns, a certificate of guarantee equal to 50 percent of the outstanding principal due on […]
Section 204-C:76 – Guarantee Certificate Conclusive.
204-C:76 Guarantee Certificate Conclusive. – The certificate of guarantee issued by the authority, in the hands of the original lender to whom the certificate was issued, shall be conclusive evidence of its validity for the purposes of this subdivision, except for fraud. Source. 1989, 411:3, eff. July 1, 1989.
Section 204-C:66 – Sale of Property.
204-C:66 Sale of Property. – The authority and the low or moderate income person shall enter into a contract providing that if the property is sold, or no longer owner occupied, the loan provided under this program shall be immediately due and payable. Source. 1988, 240:10. 1990, 187:1. 1995, 22:1, eff. June 17, 1995.
Section 204-C:57-a, 204-C:57-b – Repealed by 1994, 386:13, I, as amended by 1995, 306:8, eff. July 1, 1996.
204-C:57-a, 204-C:57-b Repealed by 1994, 386:13, I, as amended by 1995, 306:8, eff. July 1, 1996. –
Section 204-C:58 – Oversight of Projects.
204-C:58 Oversight of Projects. – During the course of construction or rehabilitation of housing in any approved project, it shall be the duty of the authority to render technical assistance to the entity undertaking the project and to oversee the process so as to assure that it is completed in accordance with design specifications, […]
Section 204-C:59 – Capitalization of Fund.
204-C:59 Capitalization of Fund. – The affordable housing fund shall be capitalized with donations, transfers, set asides, or appropriations authorized by law, including, but not limited to: I. Fees paid to the authority from the development of qualified residential rental projects financed by bonds issued under section 142(d) of the Internal Revenue Code of […]