Section 31.101. Purpose and objectives

Latest version.

These § § 31.101—31.105 are established and will be applied to effectuate the general purposes of the act and the specific objective of providing funds for the financing of certain owner-occupied residential housing for occupancy by qualified persons in this Commonwealth and thereby encouraging the purchase, construction, rehabilitation, and home improvement of residential housing by such persons. Through its purchase program, the Agency increases the availability of funds for such residential housing by making commitments to local lending institutions to purchase and by purchasing loans approved by the Agency as meeting the standards set forth in these § § 31.101—31.105.

Notation

Cross References

This section cited in 12 Pa. Code § 31.102 (relating to definitions).

                    
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