24 N.C. Admin. Code 01D .0502 - ELIGIBILITY
(a) The fund will be
available to assist income eligible households as defined in Rule .0102 of this
Subchapter, who would be unable to receive subsidized loans from the
agency.
(b) The fund may also
provide mortgage assistance to eligible households through organizations that
aid in the production of housing that is affordable to income eligible
households described in Paragraph (a) of this Rule. This alternative permits
participating organizations to provide mortgage loans to eligible households
using the proceeds of the fund received from the agency.
(c) The agency may, from time to time,
designate specific counties within the state to receive portions of the
proceeds from the fund for the purpose of assisting eligible
households.
Notes
Temporary Rule Eff. May 15, 1984, for a Period of 120 Days, to Expire on September 12, 1984;
Eff. August 1, 1984;
Amended Eff. December 1, 1989; June 1, 1987; January 1, 1986;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. September 23, 2017.
Authority G.S. 122A-5.7;
Eff. August 1, 1984;
Amended Eff. December 1, 1989; June 1, 1987; January 1, 1986.
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