§ 42-55.1-1. Rhode Island housing trust fund — Creation. (a) There is created a trust fund to be known as the “Rhode Island housing trust fund” which shall be administered by the Rhode Island housing and mortgage finance corporation without liability on the part of the state beyond the amounts paid into and earned by […]
§ 42-55.1-2. Definitions. Terms used in this chapter shall be defined as follows: (1) “Limited equity housing cooperative” means a cooperative housing association or corporation organized and operated primarily for the benefit of low and moderate income persons, having articles of incorporation approved by the executive director of the Rhode Island housing and mortgage finance […]
§ 42-55.1-3. Housing trust fund development assistance. (a) The Rhode Island housing and mortgage finance corporation is authorized and directed to provide financial assistance, in the form of grants, loans, or any combination of these, to mutual housing associations, nonprofit housing development corporations and/or limited equity housing cooperatives, and other qualified persons and entities pursuant […]
§ 42-55.1-4. Annual report. On or before January 15 of each calendar year, the Rhode Island housing and mortgage finance corporation shall submit an annual report to the governor and to the general assembly, detailing its implementation of this chapter and its administration of the housing trust fund during the preceding calendar year. History of […]
