reglab/housing_qa huggingface dataset:
HI Rev Stat § 201H-106 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-106 Loan funding programs.

 §201H-106 Loan funding programs. (a) The corporation may contract with mortgage lenders to fund eligible loans and eligible improvement loans and may directly make or contract with mortgage lenders to fund eligible project loans.  (b) Any contract in subsection (a) with a mortgage lender may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its revenue bonds. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-107 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-107 Loans; service and custody.

 §201H-107 Loans; service and custody. The corporation may contract for the service and custody of its loans. The contract may provide for the payment of fees or charges for the services rendered; provided that the fees or charges shall not exceed the usual, customary, and reasonable charges for the services rendered. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-108 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-108 Loans; sale, pledge, or assignment.

 §201H-108 Loans; sale, pledge, or assignment. (a) Subject to any agreements with the holders of its revenue bonds, the corporation may sell its loans at public or private sale at a price and upon terms and conditions as it determines.  (b) Subject to any agreements with [the] holders of its revenue bonds, the corporation may pledge or assign its loans, other agreements, notes, or property to secure the loans or agreements. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-109 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-109 Loans; insurance and guarantees.

 §201H-109 Loans; insurance and guarantees. The corporation may procure insurance or guarantees against any default of its loans, in amounts and from insurers or guarantors, as it deems necessary or desirable. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-110 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-110 Loans; default.

 §201H-110 Loans; default. The corporation may:  (1) Renegotiate, refinance, or foreclose any loan in default;  (2) Waive any default or consent to the modification of the terms of any loan or security agreement;  (3) Commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement;  (4) Bid for and purchase the property secured by the loan at any foreclosure or other sale, or acquire or take possession of the property secured by the loan; and  (5) Operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan. [L 2006, c 180, pt of §4; am L 2017, c 12, §11]
HI Rev Stat § 201H-120 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-120 Additional powers.

 §201H-120 Additional powers. The powers conferred upon the corporation by this subpart shall be in addition and supplemental to the powers conferred by any other law, and nothing in this subpart shall be construed as limiting any powers, rights, privileges, or immunities so conferred. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-121 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-121 Purpose; findings and determinations.

 §201H-121 Purpose; findings and determinations. The legislature finds and declares that the health and general welfare of the people of this State require that the people of this State have safe and sanitary rental housing accommodations available at affordable rents; that a grave shortage in the number of such accommodations affordable by families and individuals of low- and moderate-income in the State exists; and that it is essential that owners of rental housing accommodations be provided with appropriate additional means to assist in reducing the cost of rental housing accommodations to the people of this State.  The legislature further finds that the high cost of infrastructure development and the obtaining of interim construction financing are two of the greatest impediments to the production of affordable rental housing in this State. It is especially difficult for private nonprofit and for-profit entities to participate in the development of affordable housing due to the difficulty in amassing the capital necessary to plan and carry out a project to completion.  It is the purpose of this subpart to:  (1) Assist owners in maintaining rentals at levels affordable to low- and moderate-income families and individuals by providing owners with rental assistance payments which, together with rental payments received from low- and moderate-income tenants, will provide owners with limited but acceptable rates of return on their investments in rental housing accommodations. Assisting owners by entering into contracts with them to provide for rental assistance payments is a valid public purpose and in the public interest; and  (2) Provide a funding source for interim construction financing for the development of affordable rental housing by private nonprofit and for-profit entities, as well as the corporation; provided that in allotting this financing, the corporation shall give preference to qualified sponsors who are private nonprofit and for-profit entities. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-122 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-122 Definitions.

 §201H-122 Definitions. The following terms as used in this subpart shall have the following meanings unless a different meaning clearly appears from the context:  "Eligible project" means a rental housing project that:  (1) Is financed by the corporation pursuant to subpart B or D, or that the corporation determines will require rental assistance to make it financially feasible;  (2) Is subject to a regulatory agreement with the corporation;  (3) Maintains at least twenty per cent of its units for eligible tenants; and  (4) Meets other qualifications as established by rules adopted by the corporation.  Notwithstanding any provision to the contrary, "eligible project" may also include a rental housing project that is financed by the corporation pursuant to subpart A.  "Eligible tenant" means a family or an individual whose income does not exceed eighty per cent of the area median income as determined by the United States Department of Housing and Urban Development.  "Owner" means the owner of an eligible project.  "Regulatory agreement" means an agreement between the corporation and the owner relating to an eligible project that includes provisions relating to rents, charges, profits, return on owner's equity, development costs, and methods of operation.  "Rental assistance contract" means an agreement between an owner and the corporation providing for periodic rental assistance payment for units in an eligible project. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-123 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-123 Rental assistance revolving fund.

 §201H-123 Rental assistance revolving fund. (a) There is created a rental assistance revolving fund to be administered by the corporation.  (b) The rental assistance revolving fund may include sums made available from any government program or grant, from private grants or contributions, from the proceeds of any bond issue, or from appropriations to the fund. The aggregate principal in the fund shall be invested by the corporation in a manner that will maximize the rate of return on investment of the fund; provided that any investment made shall be consistent with section 201H-77 but need not comply with section 36-21.  (c) The corporation may use, as needed, the aggregate principal sum and the accumulated earnings in the rental assistance revolving fund to make payments under rental assistance contracts or to subsidize tenants' rents in eligible projects developed under this part; provided that the corporation shall use up to $25,000,000 plus any bond proceeds to provide interim construction financing to:  (1) Qualified sponsors who are private nonprofit or for-profit entities; or  (2) The corporation, for the development of affordable rental housing; provided further that the corporation, in allotting interim construction financing moneys pursuant to this subpart, shall give preference to rental housing projects developed by qualified sponsors who are private nonprofit or for-profit entities. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-124 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-124 Rental assistance contracts.

 §201H-124 Rental assistance contracts. (a) The corporation may enter into a rental assistance contract and a regulatory agreement with the owner of an eligible project, when the owner of an eligible project is other than the corporation.  (b) Prior to the execution of a rental assistance contract, the corporation may execute an agreement to enter into a rental assistance contract with an owner. The agreement shall provide for the execution of a rental assistance contract upon satisfaction of the terms set forth in the agreement and otherwise established by the corporation. Each rental assistance contract heretofore entered into by the corporation that provided that rental assistance payments shall be made solely from the earnings on the investment of the rental assistance revolving fund shall hereafter, without modification of the contracts, be payable from the aggregate principal sum and the accumulated earnings in the rental assistance revolving fund.  (c) A rental assistance contract and any subsidy of tenants' rents in projects developed under this subpart shall be for a term not in excess of thirty-five years and shall be approved by the board of directors of the corporation. Upon that approval by the corporation, the director of finance shall be authorized to guarantee the obligation of the corporation for the term of the rental assistance contract or the subsidy of tenants' rents in an amount equal to the aggregate obligation of the corporation to make assistance payments; provided that the aggregate of all of the outstanding guarantees shall not exceed $100,000,000. Pursuant to that guarantee, the corporation shall make annual rental payments to the owner in accordance with the approved rental assistance contract or to the tenants in accordance with the approved subsidy.  (d) Each rental assistance contract shall set forth a maximum annual rental assistance payment amount. The corporation shall establish procedures for determining the maximum annual rental assistance payment amount and may consider the following:  (1) The cost of constructing the eligible project;  (2) The estimated annual operating cost of the eligible project;  (3) The estimated maximum rentals that may be charged for dwelling units in the eligible project;  (4) The amount of funds available for the funding of rental assistance contracts;  (5) The number of eligible projects requiring assistance under this subpart; and  (6) A restricted rate of return on equity to the owner, which rate shall be established by the corporation by rule. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-126 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-126 Benefits of program not exclusive.

 §201H-126 Benefits of program not exclusive. Nothing in this subpart shall be construed to prohibit, with respect to an eligible project, the operation of the rental assistance program in conjunction with other state or federal programs including the state rent supplements provided for in part VIII of chapter 356D. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-140 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-140 Additional powers.

 §201H-140 Additional powers. The powers conferred upon the corporation by this subpart shall be in addition and supplemental to the powers conferred by any other law, and nothing in this subpart shall be construed as limiting any powers, rights, privileges, or immunities so conferred. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-141 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-141 Definitions.

 §201H-141 Definitions. Whenever used in this subpart, unless the context otherwise requires:  "Eligible borrower" means:  (1) Any person or family, without regard to race, creed, national origin, or sex, who:  (A) Is a citizen of the United States or a resident alien;  (B) Is a bona fide resident of the State;  (C) Is at least eighteen years of age;  (D) Does not personally, or whose spouse does not if the person is married, own a majority interest in any residential property in the State; and  (E) Meets other qualifications as established by rules adopted by the corporation; or  (2) A qualified sponsor of an affordable housing project who meets the qualification requirements as established by rules adopted by the corporation.  "Eligible loan" or "loan" means:  (1) A loan to an eligible borrower for the purchase of a dwelling unit, including a condominium unit; provided that the property financed is located in the State, will be occupied as the principal place of residence by the eligible borrower, and meets other requirements as established by rules adopted by the corporation; or  (2) An interim or permanent loan, which may be federally insured or guaranteed, made to a qualified sponsor for the financing of an affordable housing project, and which meets other requirements as established by rules adopted by the corporation.  "Housing loan programs" include all or any part of the loan programs authorized in section 201H-142. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-142 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-142 Housing loan programs; authorization.

 §201H-142 Housing loan programs; authorization. (a) The corporation may establish under this subpart one or more eligible loan programs.  (b) The corporation may invest in, make, purchase, take assignments of, or otherwise acquire or make commitments to invest in, make, purchase, take assignments of, or otherwise acquire any eligible loans or any partial interest or participation therein held by or on behalf of the corporation.  (c) The corporation may sell, assign, or otherwise dispose of or enter into commitments to sell, assign, or otherwise dispose of any eligible loans or any partial interest or participation therein held by or on behalf of the corporation.  (d) The corporation may acquire any obligation under conditions which require the seller of the obligation to use the proceeds of the sale for the purpose of financing eligible loans. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-143 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-143 Housing loan programs; procedures and requirements.

 §201H-143 Housing loan programs; procedures and requirements. (a) The corporation may establish procedures and requirements for:  (1) The purchase of loans from mortgage lenders by auction, invitation of tender, advance commitment, or other negotiation;  (2) The making of loans through mortgage lenders to eligible borrowers or qualified sponsors;  (3) The allocation to mortgage lenders of money made available under this subpart; and  (4) The participation by mortgage lenders as originators and processors of loans on behalf of the corporation under this subpart.  (b) The corporation may adopt rules under chapter 91 necessary or convenient for the operation of the housing loan programs established under this subpart. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-144 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-144 Housing loan programs; general powers.

 §201H-144 Housing loan programs; general powers. (a) The corporation may make, enter into, and enforce all contracts or agreements which are necessary, convenient, or desirable for the purpose of the performance of its powers under this subpart.  (b) The corporation may establish, revise, charge, and collect fees, premiums, and charges as necessary, reasonable, or convenient in connection with its housing loan programs established under this subpart. The fees, premiums, and charges shall be deposited into funds as determined by the corporation.  (c) The corporation may contract for the servicing and custody of any loans or other obligations acquired under this subpart.  (d) The corporation may procure insurance against any default of its loans from insurers in amounts deemed necessary or desirable.  (e) Subject to any agreements with the holders of its bonds, the corporation may:  (1) Renegotiate, refinance, or foreclose any loan in default;  (2) Commence any action to protect or enforce any right conferred upon it by any law, or as provided in any mortgage, insurance policy, contract, or other agreement; and  (3) Bid for and purchase the property secured by the loan at any foreclosure or other sale; or acquire, or take possession of the property secured by the loan and may operate, manage, lease, dispose of, or otherwise deal with the property securing the loan. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-150 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-150 Additional powers.

 §201H-150 Additional powers. The powers conferred upon the corporation by this subpart shall be in addition and supplemental to the powers conferred by any other law, and nothing in this subpart shall be construed as limiting any powers, rights, privileges, or immunities so conferred. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-152 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-152 Mortgage guarantee agreements.

 §201H-152 Mortgage guarantee agreements. (a) To induce appropriate officials of any agency or instrumentality of the United States to commit to insure and to insure mortgages under the provisions of the United States Housing Act of 1937, as amended, the corporation may enter into guarantee agreements with those officials whenever:  (1) The purchaser-mortgagor in question is ineligible for mortgage insurance purposes under the United States Housing Act of 1937, as amended, because of credit standing, debt obligation, or income characteristics;  (2) The purchaser-mortgagor in question is a "displaced person" as defined in chapter 111 and the guarantee agreement will enable the purchaser-mortgagor to obtain suitable replacement housing in accordance with chapter 111; or  (3) The corporation finds that the purchaser-mortgagor would be a satisfactory credit risk with ability to repay the mortgage loan if the purchaser-mortgagor were to receive budget, debt management, and related counseling.  (b) Guarantee agreements under subsection (a) may obligate the corporation to:  (1) Provide or cause to be provided counseling under subsection (a)(3); and  (2) Indemnify an agency or instrumentality of the United States for a period not to exceed five years for any loss sustained by the agency or instrumentality by reason of insurance of a mortgage.  (c) The total of guarantees made pursuant to this section and guarantees made pursuant to section 201H-151 shall not exceed $10,000,000. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-160 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-160 Additional powers.

 §201H-160 Additional powers. The powers conferred upon the corporation by this subpart shall be in addition and supplemental to the powers conferred by any other law, and nothing in this subpart shall be construed as limiting any powers, rights, privileges, or immunities so conferred. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-161 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-161 Downpayment loans.

Note Subpart heading amended by L 2017, c 123, §3. §201H-161 Downpayment loans. (a) The corporation may make downpayment loans, either directly or through a nonprofit organization as defined in section 454F-1, to eligible borrowers who qualify for loans under section 201H-162. The downpayment loan to any one borrower shall not exceed fifteen per cent of the purchase price or appraised value of the residential property or $60,000, whichever is less. In no event shall the loan amount and purchase money mortgage amount exceed one hundred per cent of combined loan-to-value. The interest rate on the loans may range from one per cent to eight per cent, depending on the buyer's income.  (b) The repayment of every downpayment loan shall be secured by a duly recorded second mortgage executed by the borrower to the State on the residential property purchased with the downpayment loan.  (c) The principal of the downpayment loan, together with accrued interest, shall be due and payable upon the sale, transfer, or refinancing of the property, or shall be repaid by the borrower in installments as determined by the corporation; provided that the corporation may provide a period in which payments may be waived. The period over which the principal and interest shall be paid need not coincide with the period over which the loan from the mortgage lender for the balance of the purchase price must be repaid. The borrower may repay the whole or any part of the unpaid balance of the downpayment loan, plus accrued interest, at any time without penalty.  (d) The corporation may secure the services of nonprofit organizations, as defined in section 454F-1, to originate the downpayment loans on behalf of the State for an origination fee not in excess of the prevailing loan origination fee amount, as determined by the corporation.  (e) The corporation may secure the services of the mortgage lender who loans to the borrower the balance of the purchase price of the residential property or the services of any other mortgage lender doing business in the State to collect, on behalf of the State, the principal and interest of the downpayment loan and otherwise to service the downpayment loan, for a servicing fee not in excess of the prevailing loan servicing fees.  (f) The corporation shall adopt rules pursuant to chapter 91 to carry out the purposes of this subpart. [L 2006, c 180, pt of §4; am L 2017, c 123, §4]