New Jersey Statutes
§ 52:27D-372 — Revolving loan fund.
New Jersey·Title 52 STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Each neighborhood housing services corporation or umbrella corporation which qualifies for a grant as provided in section 8 of this act shall establish and administer a revolving loan fund to make loans at below market interest rates and flexible terms of repayment to neighborhood homeowners who are unable to obtain mortgage financing on reasonable terms through normal lending channels for the purposes of preserving or revitalizing neighborhoods and to encourage home ownership. L. 1987, c. 50, s. 7.
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Nearby Sections
15
§ 52:27D-1
Establishment§ 52:27D-10
Grants; approval; expenditures§ 52:27D-101
Transfer of employees of bureau and board§ 52:27D-102
Transfer of files, property, etc.§ 52:27D-104
Civil or criminal actions or proceedings brought by or against bureau or board; effect of transfer§ 52:27D-105
Reports, certifications, applications or requests required to be made to bureau or board; effect of transfer§ 52:27D-118
Application of State Agency Transfer Act§ 52:27D-118.1
Definitions§ 52:27D-118.10
Conclusiveness of allocation by director§ 52:27D-118.11
Apportionment of funds to municipalities§ 52:27D-118.12
Discretionary fund