- A. Monies deposited in the South Carolina State Housing Finance and Development Authority Program Fund may be used to provide loans to other state agencies, local and regional governments, non-profit and for profit housing sponsors to provide rental housing for the homeless, elderly and other served by existing housing programs.
- B. The Commissioners of the Authority will approve general guidelines as to the types of proposals it will consider for special needs financing.
- C. The terms and conditions of each loan made to provide special needs financing must be approved in advance by the Commissioners of the Authority.
- D. The staff of the Authority will review each proposal for special needs financing and make its recommendations to the Authority’s Commissioners.
HISTORY: Added by State Register Volume 17, Issue No. 5, Part 3, eff May 28, 1993.