§ 122A-5.3 – Energy conservation loan authority.
122A-5.3. Energy conservation loan authority. (a) The Agency may guarantee the payment or collection of energy conservation loans pursuant to and in accordance with the provisions of this Chapter when the Agency has given its approval prior to the initial making of the loan; provided that any such guarantee shall be made only upon determination […]
§ 122A-12 – Remedies.
122A-12. Remedies. Any holder of obligations issued under the provisions of this Chapter or any coupons appertaining thereto, and the trustee under any trust agreement or resolution authorizing the issuance of such obligations, except to the extent the rights herein given may be restricted by such trust agreement or resolution, may, either at law or […]
§ 122A-5.4 – Housing for persons and families of moderate income.
122A-5.4. Housing for persons and families of moderate income. (a) The General Assembly hereby finds and determines that there is a serious shortage of decent, safe and sanitary housing which persons and families of moderate income in the State can afford; that it is in the best interests of the State to encourage home ownership […]
§ 122A-13 – Negotiable instruments.
122A-13. Negotiable instruments. Notwithstanding any of the foregoing provisions of this Chapter or any recitals in any obligations issued under the provisions of this Chapter, all such obligations and interest coupons appertaining thereto shall be and are hereby made negotiable instruments under the laws of this State, subject only to any applicable provisions for registration. […]
§ 122A-5.5 – Rehabilitation Loan Authority.
122A-5.5. Rehabilitation Loan Authority. (a) In order to effectuate the authority of the Agency to participate in commitments to purchase and to purchase mortgage loans for the rehabilitation of existing residential housing the Agency is hereby empowered to adopt, modify or repeal rules and regulations governing the making or participation in the making of mortgage […]
§ 122A-14 – Obligations eligible for investment.
122A-14. Obligations eligible for investment. Obligations issued under the provisions of this Chapter are hereby made securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital […]
§ 122A-5.6 – Terms and conditions of loans to and by mortgage lenders.
122A-5.6. Terms and conditions of loans to and by mortgage lenders. (a) The Agency shall from time to time adopt, modify, amend or repeal rules and regulations governing the making of loans to mortgage lenders and the application of the proceeds thereof. These rules and regulations shall be designed to effectuate the general purposes of […]
§ 122A-5.7 – Homeownership Assistance Fund authorized; authority.
122A-5.7. Homeownership Assistance Fund authorized; authority. The North Carolina Housing Finance Agency is authorized to establish a Homeownership Assistance Fund (hereinafter referred to as "the Fund") to assist families of low and moderate income in the purchase of affordable residential housing. To achieve this purpose, the Agency may use the Fund to provide additional security […]
§ 122A-5.8 – Distressed multi-family residential rental housing provisions.
122A-5.8. Distressed multi-family residential rental housing provisions. (a) The General Assembly hereby finds and determines that a serious shortage of decent, safe and sanitary multi-family residential rental housing which persons and families of low and moderate income in the State can afford continues to exist; that it is in the best interests of the State […]
§ 122A-1 – Short title.
122A-1. Short title. This Chapter shall be known and may be cited as the "North Carolina Housing Finance Agency Act." (1969, c. 1235, s. 1; 1973, c. 1296, s. 1.)