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Section 204-C:1 – Definitions.

    204-C:1 Definitions. – As used in this chapter unless the context clearly indicates otherwise: I. "Authority" shall mean the New Hampshire housing finance authority. II. "Board" shall mean the housing finance board. III. "Bonds" shall mean bonds of the authority issued under this chapter, including refunding bonds. IV. "Clerk" shall mean the clerk of […]

Section 204-C:10 – Bonds by Certain Mortgagors.

    204-C:10 Bonds by Certain Mortgagors. – On all construction loans for the construction or rehabilitation of 11 or more dwelling units, as defined by the authority pursuant to adopted rules, the authority shall require bonds to be furnished by the mortgagor, an equivalent escrow or letter of credit arrangement supervised by the authority, or […]

Section 204-C:11 – Area of Operation; Sole Statewide Public Housing Agency.

    204-C:11 Area of Operation; Sole Statewide Public Housing Agency. – The area of operation of the authority shall be the entire state. The authority is a public housing agency as defined in the United States Housing Act of 1937. The authority is the only statewide public housing agency and is the sole entity authorized […]

Section 204-C:11-a – Financing for Community Providers.

    204-C:11-a Financing for Community Providers. – I. Notwithstanding any other requirement of this chapter relating to the making or purchasing of loans or mortgage loans or to the provisions of RSA 204-C:28, the authority may make loans on such terms, conditions and security, if any, as the authority may determine, to nonprofit corporations to […]

Section 204-C:15 – Mortgage Loans.

    204-C:15 Mortgage Loans. – Without limiting the generality of the powers granted under RSA 204-C:8, with respect to mortgage loans to be made by the authority, the authority may: I. Make, undertake commitments to make and participate with governmental agencies, lending institutions and other sources in the making of mortgage loans to eligible mortgagors, […]

Section 204-C:16 – Conditions on Mortgage Loans.

    204-C:16 Conditions on Mortgage Loans. – Mortgage loans made by the authority to eligible mortgagors shall be made subject to the following terms and conditions: I. No application for a mortgage loan shall be approved unless the applicant is an eligible mortgagor. II. Mortgage loans shall be made at interest rates established by the […]

Section 204-C:17 – Purchase of Mortgage Loans and Loans.

    204-C:17 Purchase of Mortgage Loans and Loans. – Without limiting the generality of the powers granted under RSA 204-C:8, the authority may: I. Invest in, purchase or make commitments to purchase, and take assignments from lending institutions of loans, whether or not secured by a mortgage, mortgage loans and promissory notes accompanying such loans […]

Section 204-C:18 – Conditions on Purchase of Mortgage or Loan.

    204-C:18 Conditions on Purchase of Mortgage or Loan. – At or before the time of purchase of any loan or mortgage loan, the lending institution which made such loan or mortgage loan shall certify to the authority with respect to all loans or mortgage loans transferred to the authority: I. That the loans or […]

Section 204-C:19 – Loans to Lending Institutions.

    204-C:19 Loans to Lending Institutions. – Without limiting the generality of the powers granted under RSA 204-C:8, the authority may: I. Make loans to lending institutions under terms and conditions requiring the proceeds of the loans to be used by such lending institutions for the making of new mortgage loans for housing for eligible […]

Section 204-C:2 – Authority Established.

    204-C:2 Authority Established. – There is hereby created a body politic and corporate having a distinct legal existence separate from the state and not constituting a department of state government, to be known as the New Hampshire housing finance authority to carry out the provisions of this chapter. The authority is hereby deemed to […]

Section 204-C:20 – Findings.

    204-C:20 Findings. – Prior to making any mortgage loan or any loan to a lending institution, or prior to purchasing any loan or mortgage loan under this chapter, the authority shall find with respect to each such commitment: I. That, with respect to rental multi-family housing, eligible elderly and low income persons and families […]

Section 204-C:21 – Regulatory Agreements for Mortgage Loans.

    204-C:21 Regulatory Agreements for Mortgage Loans. – With respect to mortgage loans made by the authority under RSA 204-C:15, each mortgage to an eligible mortgagor of multi-family housing shall be subject to a regulatory agreement between the authority and the mortgagor which subjects the multi-family housing, the mortgagor and principals of the mortgagor to […]

Section 204-C:22 – Rent Levels.

    204-C:22 Rent Levels. – With respect to mortgage loans made by the authority under RSA 204-C:15, the authority shall, pursuant to rules adopted by it, make the following initial rental determinations for the dwelling units included in rental multi-family housing financed under this chapter: I. The rent or carrying charge to be charged to […]

Section 204-C:23 – Adjustments of Rents.

    204-C:23 Adjustments of Rents. – After such initial rental determinations, any adjustment in the rents or carrying charges to be charged for housing financed under this chapter shall either be approved by the authority or comply with rules, if any, of the authority in effect at the time which govern such adjustment, subject only […]

Section 204-C:24 – Tenants and Operations.

    204-C:24 Tenants and Operations. – With respect to mortgage loans made by the authority under RSA 204-C:15, before making a loan commitment for multi-family housing, the authority shall approve a tenant or owner selection plan submitted by the eligible mortgagor. The authority shall make and publish rules from time to time governing the terms […]

Section 204-C:26 – Bonds of Authority.

    204-C:26 Bonds of Authority. – The authority shall have the power, and is hereby authorized to issue its bonds and notes in such principal amount as the authority shall determine to be necessary to provide sufficient funds for achieving any of its corporate purposes, including the making and purchase of mortgage loans, and loans […]