The OLG reviews the application package. A copy of the package is provided to the Area ONAP for its comments. ONAP OLG will complete the initial assessment within 30 days. Subsequent requests for information may cause processing delays. HUD issues a Letter of Commitment to lender.
Lender closes and submits originals of executed closing documents.
The Title VI project must be identified in an IHP found to be in compliance. Title VI loan guarantee activities to house non low-income Indian families because housing cannot reasonably be met without such assistance, as approved by the Secretary. Default - Conditions of a default are described in the financial documents.