GroundRules
24 CFR 1000.412: Can an issuer obtain a guarantee for more than one note or other obligation at a time?
Where this section sits in the code
- Title 24—Housing and Urban Development
- Subtitle B—Regulations Relating to Housing and Urban Development
- CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- PART 1000—NATIVE AMERICAN HOUSING ACTIVITIES
- Subpart E—Federal Guarantees for Financing of Tribal Housing Activities
Yes. To obtain multiple guarantees, the issuer shall demonstrate that:
(a) The issuer will not exceed a total for all notes or other obligations in an amount equal to five times its grant amount, excluding any amount no longer owed on existing notes or other obligations; and
(b) Issuance of additional notes or other obligations is within the financial capacity of the issuer.
Collected 2026-08-27T02:24:55Z. Source file · JSON