1. LawStack
  2. Title 24 - Housing and Urban Development
  3. Subtitle B - REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT
  4. Chapter IX - OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
  5. Part 1000 - NATIVE AMERICAN HOUSING ACTIVITIES
  6. Subpart E - Federal Guarantees for Financing of Tribal Housing Activities
  7. 24 CFR § 1000.412
24 CFR § 1000.412
Can an issuer obtain a guarantee for more than one note or other obligation at a time?
February 22, 2021
CFR

Yes. To obtain multiple guarantees, the issuer shall demonstrate that:

(a) The issuer will not exceed a total for all notes or other obligations in an amount equal to five times its grant amount, excluding any amount no longer owed on existing notes or other obligations; and

(b) Issuance of additional notes or other obligations is within the financial capacity of the issuer.

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§ 1000.410 What conditions shall HUD prescribe when providing a guarantee for notes or other obligations issued by an Indian tribe?
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§ 1000.414 How is an issuer's financial capacity demonstrated?

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