§ 122A-5.9 – Formation of subsidiary corporations to own and operate housing projects.
122A-5.9. Formation of subsidiary corporations to own and operate housing projects. (a) The Agency may acquire, by purchase or otherwise, construct, acquire, develop, own, repair, maintain, improve, rehabilitate, renovate, furnish, equip, operate, and manage residential rental housing projects to rent to persons and families of lower and moderate income. (b) The Agency may form a […]
§ 122A-5.13 – Adult Care Home, Group Home, and Nursing Home Fire Protection Fund authorized; authority.
122A-5.13. Adult Care Home, Group Home, and Nursing Home Fire Protection Fund authorized; authority. (a) The North Carolina Housing Finance Agency shall establish an Adult Care Home, Group Home, and Nursing Home Fire Protection Fund (hereinafter "Fire Protection Fund") to assist owners of adult care homes, group homes for developmentally disabled adults, and nursing homes […]
§ 122A-5.14 – Home Protection Program and Fund.
122A-5.14. Home Protection Program and Fund. (a) The North Carolina Housing Finance Agency shall establish and administer the Home Protection Program ("Program") to assist North Carolina workers who have lost jobs as a result of changing economic conditions in North Carolina when the workers are in need of assistance to avoid losing their homes to […]
§ 122A-5.15 – Workforce Housing Loan Program.
122A-5.15. Workforce Housing Loan Program. (a) The North Carolina Housing Finance Agency shall establish and administer the Workforce Housing Loan Program for the purpose of making revolving loans for qualified low-income housing development in the State. Funds appropriated to the North Carolina Housing Trust Fund for the Workforce Housing Loan Program shall be used by […]
§ 122A-6 – Credit of State not pledged.
122A-6. Credit of State not pledged. Obligations issued under the provisions of this Chapter shall not be deemed to constitute a debt, liability or obligation of the State or of any political subdivision thereof or a pledge of the faith and credit of the State or of any such political subdivision, but shall be payable […]
§ 122A-6.1 – Credit of State not pledged to satisfy liabilities under energy conservation loan guarantees.
122A-6.1. Credit of State not pledged to satisfy liabilities under energy conservation loan guarantees. Energy conservation loan guarantees issued under the provisions of this Chapter shall not be deemed to constitute a debt, liability, obligation of the State or of any political subdivision thereof, or a pledge of the faith and credit of the State […]
§ 122A-8 – Bonds and notes.
122A-8. Bonds and notes. The Agency is hereby authorized to provide for the issuance, at one time or from time to time, of bonds and notes of the Agency to carry out and effectuate its corporate purposes. The Agency also is hereby authorized to provide for the issuance, at one time or from time to […]
§ 122A-9 – Trust agreement or resolution.
122A-9. Trust agreement or resolution. In the discretion of the Agency any obligations issued under the provisions of this Chapter may be secured by a trust agreement by and between the Agency and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the […]
§ 122A-10 – Validity of any pledge.
122A-10. Validity of any pledge. The pledge of any assets or revenues of the Agency to the payment of the principal of or the interest on any obligations of the Agency shall be valid and binding from the time when the pledge is made and any such assets or revenues shall immediately be subject to […]
§ 122A-5.2 – Mortgage insurance authority.
122A-5.2. Mortgage insurance authority. (a) The Agency may upon application of a proposed mortgagee insure and make advance commitments to insure payments required by a loan for residential housing for persons of lower income upon such terms and conditions as the Agency may prescribe. Mortgage loans insured by the Agency under this Chapter may provide […]