TENNESSEE HOUSING DEVELOPMENT AGENCY SECTION 1602 LOAN AGREEMENTHousing Development Agency Section 1602 Loan Agreement • December 5th, 2009 • Tennessee
Owner is receiving funds from THDA under Section 1602 of the American Recovery and Reinvestment Tax Act of 2009, subject to requirements contained in U.S. Treasury Department (“Treasury”) “Application and Terms and Conditions: Grants to States for Low-Income Housing Projects in Lieu of Low-Income Housing Credits for 2009 under the American Recovery and Reinvestment Act of 2009”, dated May, 2009, as may be revised or modified from time to time; additional requirements and guidance as may be provided by Treasury from time to time; all other Section 1602 restrictions and program requirements as determined by Treasury, as modified or supplemented from time to time; the THDA Section 1602 Program 2009 Program Description dated July 2, 2009, as may be revised or modified from time to time (the “Program Description”); the QAP (as defined below), as may be amended and supplemented from time to time; guidance as may be provided by THDA with respect to Section 1602 Assistance as posted on THDA’s
