VHFA definition
Examples of VHFA in a sentence
Interest accrued on such Contract Deposits is remitted to the Vermont Housing Finance Agency (VHFA) to be used in the Agency’s single family home mortgage programs.
Acknowledging the above advisements, for the convenience of the transaction, Seller and Purchaser agree that unless otherwise agreed in writing, all Contract Deposits held by Escrow Agent shall nonetheless be placed in a pooled interest-bearing IORTA account and the interest accrued thereon shall be remitted to VHFA even if the interest thereon is expected to earn more than One Hundred Dollars ($100.00).
Requests for consent from VHFA shall be made by Owner at least thirty (30) days in advance and Owner must provide copies of each document to be executed in connection with the transaction.
VHFA may charge a reasonable fee to Owner for preparation of any documents required by Owner’s lender in connection with the subsequent mortgage of the Property.
Originator will further warrant and represent that each Loan has been made in compliance with the standards set forth by VHFA, the [CDFI] Credit Committee and the Participation Loan Pool Participants pursuant to Section 4.
VHFA will determine the required submissions based on the term of RRLF investment, the size of the project, and the capacity of the owner/manager.
Upon receipt by VHFA of the appraisal, VHFA shall have a period of ninety (90) days to either (i) give notice to Owner of VHFA’s intent to exercise its option to purchase the Property at the Purchase Option Price (defined below) or (ii) obtain a binding agreement to purchase the Property from Owner at the Appraised Value.
ACCT is currently working on a financial restructuring with Vermont Housing Finance Agency (VHFA) and moving through the Agency of Natural Resources (ANR) engineering process to secure approval for community wastewater system.
This Covenant may be enforced in accordance with its terms by VHFA, its successors in interest, and, upon assignment of the right of enforcement by instrument duly executed and recorded, by an assignee of VHFA authorized to enforce the same under the provisions of the Statute.
If VHFA exercises its option to purchase the Property, VHFA shall purchase the Property within sixty (60) days of VHFA's notice of election to purchase or the option will expire.