( we ) Particularly prices are obtain in connection with counseling out of homebuyers which in reality purchase an AHP-assisted device; and you may

The rate of interest, items, charges, and every other prices for every funds created to possess your panels with the AHP subsidy should perhaps not surpass a good markets rate of interest, points, charges, or any other prices for fund regarding similar maturity, terminology, and you may exposure

( 7 ) Refinancing. Refinancing regarding a current unmarried-family unit members otherwise multifamily real estate loan, so long as the new refinancing produces collateral continues and instance security continues doing the amount of this new AHP subsidy about project should be used simply for the acquisition, design, or rehab of property equipment conference the fresh eligibility standards regarding the region.

( i ) Where an AHP lead subsidy is offered so you’re able to a task so you can write-down the speed towards that loan stretched from the good user, recruit, and other party to help you a job, the net expose value of the interest foregone out of putting some mortgage underneath the lender’s market interest will likely be computed given that of day the program getting AHP subsidy was submitted to the bank, and you will at the mercy of modifications significantly less than (d).

( ii ) In which an AHP paid advance emerges in order to a task, the online introduce value of the attention money foregone away from making a good sponsored advance for a price beneath the Bank’s cost of financing will likely be calculated at the time of the sooner of your time out-of disbursement of one’s subsidized progress or perhaps the time before disbursement on which the lending company basic manages the newest resource to support the new subsidized progress employing asset/responsibility government program, or otherwise. Read more about Prepayment costs imposed because of the a bank on an associate getting a beneficial paid improve that’s prepaid service, unless: …