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Res 2023-144R approving assignment of private activity bond authority to Texas Department of Housing and Community Affairs; and containing other provisions relating to the subject
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Res 2023-144R approving assignment of private activity bond authority to Texas Department of Housing and Community Affairs; and containing other provisions relating to the subject
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9/18/2023 4:24:53 PM
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9/18/2023 4:24:45 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2023-144
Date
9/5/2023
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Related Costs: TDHCA shall be responsible for payment of all fees and expenses <br /> incurred from and after the date of the Assignment Agreement with <br /> respect to the Reservation,including any carryforward application fee <br /> and/or closing fees payable to the Bond Review Board; and will pay <br /> all costs associated with the issuance of the bonds. <br /> Reporting: Once HFC Loans have been pooled into mortgage-backed securities or <br /> an MCC has been issued, TDHCA will provide quarterly loan level <br /> detail with respect to the outstanding loan balances; no personally <br /> identifiable information will be included. <br /> Mortgage Loan Program <br /> While TDHCA may originate more loans within the HFC's jurisdiction,the maximum amount <br /> of HFC Loans is limited to the volume cap assigned. <br /> Loans originated through a bond issue include FHA,VA,and USDA loans(no conventional <br /> loans). All loans must have a term of 30 years. <br />
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