Tenn. Comp. R. & Regs. 0770-01-01-.04 - AGENCY MORTGAGE LOANS GENERALLY

(1) Upon formal announcement the Agency will from time to time be prepared to:

(a) make insured mortgage loans to persons and families of low and moderate income for the acquisition of ownership and occupancy of new and existing housing units more particularly described in 0770-1-2-.01 through .21 of these Rules and Regulations;

(b) make insured construction loans pursuant to T.C.A. §13-23-116 to qualified housing sponsors and individuals for the development and construction or rehabilitation of a housing unit(s) as more particularly described in Part III of these Rules and Regulations and

(c) make insured mortgage loans to housing sponsors qualified under Rule 0770-1-1-.01(16) for the development and construction, rehabilitation and/or acquisition of multi-family non-owner occupied rental housing developments, as more particularly described in Part IV of these Rules and Regulations.

Notes

Tenn. Comp. R. & Regs. 0770-01-01-.04

Original rule filed July 24, 1974; effective August 23, 1974.

Authority: T.C.A. § 13-23-115(18).