HRS §201H-99
Housing loan programs must pay for themselves
This section says loans from Hawaii's housing loan programs must charge enough in interest and fees to cover the program's costs and repay the bonds that fund them. It is a narrow rule about keeping the programs financially self-supporting.
borrowers
The statute, as written — Housing loan programs; self-supporting
The interest rate, fees, charges, premiums, and other terms of the loans made under the housing loan programs shall be at least sufficient to pay the cost of administering and maintaining the portion of the specific housing loan programs for which the bonds have been issued, and to assure payment of the principal of and interest on the bonds as they become due.
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