Sec. 2168.1. Program income

Latest version.

Any program income resulting from the Affordable Home Ownership Development Program grants to the grantee will be returned to the corporation. These funds may be derived from such sources as payments of principal and interest on loans made by grantees, proceeds payable to the grantee from the disposition of real property, investment income on grant funds prior to disbursement by the grantee and recapture of funds from an owner who fails to comply with his/her obligations.

                    
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