Pennsylvania Code (Last Updated: April 5, 2016) |
Title 12. COMMERCE, TRADE AND LOCAL GOVERNMENT |
PART I. General Administration |
Subpart D. Housing Finance Agency |
Chapter 31. Housing Finance Agency |
SubChapter A. GENERAL PROVISIONS |
Section 31.114. Eligibility requirements
Latest version.
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The Agency may designate income and other criteria with respect to persons eligible to receive loans and with respect to the use of proceeds of loans by such persons, which criteria may vary according to geographical area, in order that the purchase of loans by the Agency shall best effectuate the purposes of the act, Commonwealth housing policy objectives, and the objective of expansion of the supply of funds in this Commonwealth available for loans. The Agency may set limitations on the principal amounts of loans to effectuate the purposes of the act.