FOVI definition

FOVI means Fondo de Vivienda, the Housing Fund within the Central Bank;
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FOVI means Fondo de Operación y Financiamiento Bancario a la Vivienda, the Mexican Housing Operation and Bank Financing Fund, the predecessor of SHF.
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FOVI means Fondo de Operaci‡n y Financiamiento Bancario a la Vivienda, a housing trust fund established by the Guarantor and operating in accordance with the agreement between the Guarantor and Banxico as trustee, dated April 10, 1963, as amended on May 21, 1985 (hereinafter called the FOVI Trust Agree- ment), and such term includes the technical and administrative organization, resources, staff and facilities used or to be used by the trustee to operate FOVI;
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Examples of FOVI in a sentence

  • Except as the Bank shall otherwise agree, procurement of the goods and works required for the Project and to be financed out of the proceeds of the Loan shall be governed by the provisions of paragraph 2 (d) of the Schedule to the FOVI Project Agreement.

  • The annual interest rates charged on Construction Subloans and on Purchase Subloans shall be the FOVI Subloan Interest Rate, which shall be adjusted in accordance with the criteria established in the Mandatory Housing Lending Regulations.

  • Expenditures from such account shall be made exclusively for onlending of funds to Financial Intermediaries for purposes of making FOVI Subloans.

  • Goods and works required to construct Eligible Houses financed by FOVI Subloans utilizing the proceeds of the Loan shall be procured at reasonable prices and in accordance with commercial practices, satisfactory to the Bank.