13VAC10-40-280. Reduced rate financing.
The authority may make or finance mortgage loans with an allocation of reduced rate funding to local governments, nonprofits, and housing industry partners to support special housing needs. Such reduced rate funding must meet the applicable insurer, guarantor, or investor requirements applicable to the first mortgage loan in addition to any additional requirements imposed by the executive director.
Statutory Authority
§ 36-55.30:3 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 35, Issue 14, eff. March 4, 2019.
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