LAC 16:I.337 – Priorities for Allocation of Moneys for Insured Mortgage Loans

A. Priorities for allocation of agency moneys available for the purchase of insured mortgage loans shall be established and reviewed by the agency. Priorities shall be based on criteria established by the agency as best effectuating the purposes of the Act including, without limitation, a determination by the agency of an area's need for housing for persons or families of low or moderate income as compared to the agency's determination of the overall housing needs of the area.

AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.1 et seq.

HISTORICAL NOTE: Promulgated by the Department of Urban and Community Affairs, Housing Finance Agency, LR 7:198 (April 1981).