reglab/housing_qa huggingface dataset:
NH Rev Stat § 204-C:15 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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, for the purpose of acquiring, refinancing, building or rehabilitating housing to provide housing for eligible elderly and low income persons and families and other eligible persons and families in accordance with this chapter in locations where, in the judgment of the authority, there is a need for such housing. Such loans may include acquisition loans, refinancing loans, construction loans and permanent loans.||II. Enter into agreements with lending institutions in the state which shall, pursuant to the rules of the authority, act as the authority's agent for the purpose of accepting, reviewing and acting upon applications for mortgage loans and preparing, processing and servicing such loans. For such activities, the lending institutions shall receive reasonable fees as established by rules of the authority.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:16 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 authority. In connection with the making of mortgage loans and commitments for mortgage loans, and in addition to such interest charges, the authority may charge and collect such fees and charges, including, but not limited to, reimbursement of the authority's financing costs, service charges, insurance premiums and mortgage insurance premiums, as the authority determines to be reasonable.||III. The ratio of mortgage loan to project value and the amortization period of federally insured mortgage loans made under this chapter shall be governed by the mortgage insurance commitment for each project concerned, but such amortization period shall not exceed 50 years. In the case of a mortgage loan which is not federally insured, the ratio of loan to project value and the amortization period of loans shall be determined in accordance with rules adopted by the authority; but, in no event, shall such loan-to-value ratio exceed 95 percent of development cost of the housing financed by such mortgage loan, nor shall the amortization period exceed 50 years, except that, in the case of loans to governmental agencies, nonprofit eligible mortgagors, or eligible mortgagors which are organized as condominium associations or cooperatives, such loan shall not exceed 100 percent of such development cost.||IV. Each mortgage shall be in recordable form and each mortgage and promissory note accompanying such mortgage shall retain such terms and provisions and be in such form as may be approved by the authority.||V. With respect to any rental housing, an eligible mortgagor may not in any one year make distributions of income or earnings from or have equity in, or indebtedness from, housing financed by the authority in excess of the amounts prescribed by the rules of the authority; but, in no event, shall a mortgagor make distributions of income of the mortgagor in any one year or cumulatively in excess of such limits as may be established by the authority in rules adopted pursuant to RSA 204-C:53, of the mortgagor's equity in such housing, which for the purposes of this chapter shall be the development cost of the housing, as determined by the authority at the time of making the final mortgage advance, less the amount of the final advance of the mortgage loan to the eligible mortgagor. Such mortgagor's equity shall remain constant as long as the authority's mortgage shall be outstanding unless otherwise provided for by rules of the authority.|||Source. 1981, 466:2. 1983, 468:13, eff. June 30, 1983. 2014, 323:3, eff. Sept. 30, 2014.|
NH Rev Stat § 204-C:17 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 or mortgage loans, including federally insured loans or mortgage loans or participations with lending institutions in such loans, promissory notes and mortgage loans, for the construction, rehabilitation, purchase, leasing or refinancing of housing within the state;||II. Sell, at public or private sale, with or without public bidding, any mortgage loan, loan or other obligation held by the authority; and||III. Adopt, modify or repeal rules governing the purchase and sale of loans and mortgage loans and the application of proceeds thereof.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:18 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 mortgage loans transferred to the authority are primarily for housing for eligible persons and families within the state; or||II. That the proceeds of such purchase will be reinvested in loans or mortgage loans for housing eligible persons and families.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:21 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 limitations established by the authority as to rentals and charges, builder's and mortgagor's profits and fees, the disposition of the said housing subject to the mortgage and maximum distributions and other matters which in the judgment of the authority are necessary or desirable to carry out the purposes of this chapter.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:22 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 eligible persons and families other than elderly and low income persons and families, which together with subsidies, if any, shall not be lower than the economic cost of such housing and be sufficiently high to achieve and maintain a sound development; and||II. The rent or carrying charge to be charged to elderly and low income persons and families which rent shall be sufficiently low in the judgment of the authority for at least a reasonable number of the dwelling units, but in no event fewer than 1/8 of such units, to be provided by such housing to enable such persons and families to occupy such units without the expenditure of more than 30 percent of their annual income for basic shelter cost, including the additional cost, if any, of heat, hot water, and other utilities, except telephone; provided, however, that, if necessary to make the project financially feasible, such percentage of annual income may be increased to 32 percent; and provided further that, if, in order to meet federal requirements or to obtain federal assistance, a different percentage of annual income shall be required, then such percentage of annual income shall be increased or based on the federal requirement, if applicable.|||Source. 1981, 466:2. 1983, 468:11, eff. June 30, 1983. 2014, 323:5, eff. Sept. 30, 2014.|
NH Rev Stat § 204-C:23 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 to the paramount rights of other governmental agencies, if any.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:24 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 of such tenant or owner selection plans. Such plans shall include criteria for tenant or owner selection which establish income limits for eligible persons and families in accordance with rules of the authority, but which may vary with the size and circumstances of such person or family. Tenant or owner selection plans shall provide that as between applicants equally in need and eligible for occupancy of a unit, preference shall be given to persons displaced by public action or natural disaster, pursuant to such rules as the authority may adopt.|||Source. 1981, 466:2. 1990, 187:6, eff. June 26, 1990.|
NH Rev Stat § 204-C:25 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:25 - Repealed by 2014, 323:7, eff. Sept. 30, 2014.

    204-C:25 Repealed by 2014, 323:7, eff. Sept. 30, 2014. –|
NH Rev Stat § 204-C:26 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|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 to lending institutions, the payment of interest on notes and bonds of the authority, establishment of reserves to secure such bonds and notes, including the reserve funds created pursuant to RSA 204-C:40, and all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers. Whether or not the bonds and notes are of such form and character as to be negotiable instruments under RSA 382-A:8, they shall be and are deemed to be, for all purposes, negotiable instruments within the meaning of and for all the purposes of RSA 382-A:8 subject only to the provisions of the bonds and notes for registration.|||Source. 1981, 466:2. 1987, 120:2, eff. May 7, 1987.|
NH Rev Stat § 204-C:27 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:27 - Bonds for Refunding Purposes.

    204-C:27 Bonds for Refunding Purposes. –||The authority is authorized to provide for the issuance of its bonds or notes for the purpose of refunding any bonds or notes of the authority then outstanding, including the payment of any redemption premium on such bonds and notes and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase or maturity of such bonds or notes, and, if deemed advisable by the authority, for the additional purpose of paying all or any part of the cost of acquiring, constructing, reconstructing, rehabilitating, or improving any housing, or the making or purchase of any mortgage loan on any housing or the making of any loan to a lending institution. The proceeds of any such bonds or notes issued for the purpose of refunding outstanding bonds or notes, may, in the discretion of the authority, be applied to the purchase or retirement at maturity or redemption of such outstanding bonds or notes either on their earliest or any subsequent redemption date, and may, pending such application, be placed in escrow to be applied to such purchase or retirement at maturity or redemption on such date as may be determined by the authority. Any such escrowed proceeds, pending such use, may be invested and reinvested, subject to any agreements with note or bondholders, in such manner as the authority shall determine, maturing at such time or times as shall be appropriate to assure the prompt payment, as to principal, interest and redemption premium, if any, on the outstanding bonds or notes to be so refunded. The interest, income and profits, if any, earned or realized on any such investment may also be applied to the payment of the outstanding bonds or notes to be so refunded. After the terms of the escrow have been fully satisfied and carried out, any balance of such proceeds and interest, income and profits, if any, earned or realized on the investments may be returned to the authority for use by it in any lawful manner.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:29 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:29 - Maturity Dates.

    204-C:29 Maturity Dates. –||The notes and bonds shall be authorized by resolution of the authority, shall bear such date or dates and shall mature at such time or times in the case of any such note, or any renewals of such note, not exceeding 8 years from the date of issue of the original such note, and in the case of any such bond not exceeding 50 years from the date of its issue as such resolution or resolutions may provide. The bonds may be issued as serial bonds payable in annual installments or as term bonds or as a combination of both. The notes and bonds shall bear interest at such rate or rates, be in such denominations, have such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places within or without the state and be subject to such terms of redemption as such resolution or resolutions may provide. The notes and bonds of the authority may be sold by the authority at public or private sale at such price or prices as the authority shall determine, and the authority may pay all expenses, premiums and commissions which it may deem necessary or advantageous in connection with the issuance and sale of such notes and bonds.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:30 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:30 - Investment of Authority Money.

    204-C:30 Investment of Authority Money. –||Any moneys of the authority including proceeds from the sale of any bonds or notes, and revenues, receipts and income from any of its mortgages or other assets, may be invested and reinvested in such obligations, securities and other investments as shall be provided in the resolution or resolutions under which such bonds or notes are authorized.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:31 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:31 - Subordinate Obligations.

    204-C:31 Subordinate Obligations. –||Issuance by the authority of one or more series of bonds or notes for one or more purposes shall not preclude the authority from issuing other bonds or notes in connection with the same purpose or purposes, but the proceedings under which any subsequent bonds or notes may be issued shall recognize and protect any prior pledge or mortgage made for any prior issue of bonds or notes unless in the proceedings authorizing such prior issue the right is reserved to issue subsequent bonds or notes on a parity with such prior issue.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:32 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:32 - Conditions on Obligations.

    204-C:32 Conditions on Obligations. –||Any resolution authorizing any notes or bonds or any issue of notes or bonds may contain provisions which shall be part of the contract or contracts with the holders of the notes or bonds, as to:||I. Pledging all or any part of the revenues of the authority to secure the payment of such notes or bonds, or of any issue of notes or bonds, subject to such agreements with noteholders or bondholders as may then exist;||II. Pledging all or any part of the assets of the authority, including obligations and mortgages securing the same, to secure the payment of such notes or bonds, or of any issue of notes or bonds, subject to such agreements with noteholders or bondholders as may then exist;||III. The use and disposition of the gross income from mortgages owned by the authority and the payment of principal of mortgages owned by the authority;||IV. The setting aside of reserves, including, but not limited to, reserve funds as provided in RSA 204-C:40, and the regulation and disposition of such reserves;||V. Limitations on the purpose to which the proceeds of sale of notes or bonds may be applied and pledging such proceeds to secure the payment of the notes or bonds or of any issue of notes or bonds;||VI. Limitations on the issuance of additional notes or bonds; the terms upon which additional notes or bonds may be issued and secured; and the refunding of outstanding or other notes or bonds;||VII. The procedure, if any, by which the terms of any contract with noteholders or bondholders may be amended or abrogated, the amount of notes or bonds the holders of which shall consent to such amendment or abrogation, and the manner in which such consent may be given;||VIII. Limitations on the amount of moneys to be expended by the authority for operating expenses of the authority;||IX. Vesting in a trustee or trustees such property, rights, powers and duties in trust as the authority may determine;||X. Defining the acts or omissions to act which shall constitute a default in the obligations and duties of the authority to the holders of the notes or bonds and providing for the rights and remedies of the holders of the notes or bonds in the event of such default, including as a matter of right the appointment of a receiver; provided, however, that such rights and remedies shall not be inconsistent with the general laws of the state and the other provisions of this chapter; and||XI. Any other matters, of like or different character, which in any way affect the security or protection of the holders of the notes or bonds.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:33 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:33 - Perfection of Pledge.

    204-C:33 Perfection of Pledge. –||Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The revenues, moneys, or property so pledged and received after the pledge by the authority shall immediately be subject to the lien of such pledge without any physical delivery or further act; and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, irrespective of whether such parties have notice of the lien. Neither the resolution nor any other instrument by which a pledge is created need be recorded or filed in order to establish and perfect a lien or security interest in the property so pledged.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:34 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:34 - Personal Liability Limited.

    204-C:34 Personal Liability Limited. –||Neither the members of the board nor the executive director of the authority nor any other person executing such notes or bonds shall be subject to any personal liability or accountability by reason of the issuance of notes or bonds.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:35 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:35 - Purchase of Obligations by Authority.

    204-C:35 Purchase of Obligations by Authority. –||The authority may, out of any funds available for bonds and notes, purchase its own bonds or notes. The authority may hold, pledge, cancel or resell such bonds or notes, subject to and in accordance with agreements with bondholders and noteholders.|||Source. 1981, 466:2, eff. July 1, 1981.|
NH Rev Stat § 204-C:36 (2021)
2021 New Hampshire Revised Statutes|Title XVII - Housing and Redevelopment|Title 204-C - Housing Finance Authority|Section 204-C:36 - Conditions for Approval.

    204-C:36 Conditions for Approval. –||Bonds or notes may be issued under this chapter without obtaining the consent of the governor and council or of any department, division, commission, board, body, bureau or agency of the state; and without any other proceedings or the happening of any conditions or things except those proceedings or the occurrence of those conditions or things which are specifically required by this chapter and by the provisions of the resolution authorizing the issuance of such bonds or notes or the trust agreement securing the same.|||Source. 1981, 466:2, eff. July 1, 1981.|