§ 122A-2 – Legislative findings and purposes.
122A-2. Legislative findings and purposes. The General Assembly hereby finds and declares that as a result of the spread of slum conditions and blight to formerly sound urban and rural neighborhoods and as a result of actions involving highways, public facilities and urban renewal activities there exists in the State of North Carolina a serious […]
§ 122A-3 – Definitions.
122A-3. Definitions. The following definitions apply in this Chapter: (1) Agency. – The North Carolina Housing Finance Agency created by this Chapter. (2) Bonds or notes. – The bonds or the bond anticipation notes or construction loan notes authorized to be issued by the Agency under this Chapter. (3) Counseling agency. – A nonprofit counseling […]
§ 122A-4 – North Carolina Housing Finance Agency.
122A-4. North Carolina Housing Finance Agency. (a) There is hereby created a body politic and corporate to be known as "North Carolina Housing Finance Agency" which shall be constituted a public agency and an instrumentality of the State for the performance of essential public functions. (b) The Agency shall be governed by a board of […]
§ 122a-5 – 122A-5General powers.
122A-5. General powers. The Agency shall have all of the powers necessary or convenient to carry out the provisions of this Chapter, including the power: (1) To participate in any federally assisted lease program for housing for persons of lower income under any federal legislation, including, without limitation, section 8 of the National Housing Act; […]
§ 122A-5.1 – Rules and regulations governing Agency activity.
122A-5.1. Rules and regulations governing Agency activity. (a) The Agency shall from time to time adopt, modify or repeal rules and regulations governing the purchase of federally insured securities by the Agency and the purchase and sale of mortgage loans and the application of the proceeds thereof, including rules and regulations as to any or […]