§ 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.)
§ 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; […]