AHP Loan definition

AHP Loan has the meaning in Section 1.1(g)(ii) below.
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AHP Loan means the loan obtained by Tenant pursuant to the Federal Home Loan Bank of San Francisco (―FHL Bank‖) Affordable Housing Program Loan Program (―AHP‖) as authorized by Section 21 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 to assist in gap financing of affordable housing for Very Low, Low and Moderate income persons and households as implemented and regulated by Part 951 Federal Housing Finance Board Regulations governing the AHP (12 CFR Part 951) (―AHP Regs‖).
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AHP Loan means a construction and permanent loan to be made to Developer by a FHLB member financial institution pursuant to the Affordable Housing Program.
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Examples of AHP Loan in a sentence

  • Under the terms of the agreement, the AHP Loan bears no interest and the principal is payable in full in 2030.

  • The AHP Loan is secured by a deed of trust on the Project and matures on May 19, 2070.

  • See Note 7 for the Notes Receivable from Orange Cove RAD related to this AHP Loan.

  • Under the terms of the agreement, the AHP Loan bears no interests.

  • The AHP Loan bears no interest and the principal is payable in full in 2068.

  • Kings River Commons In December 2013, the Agency entered into an AHP agreement with Wells Fargo Financial National Bank in the amount of $578,000 (the "AHP Loan") from funds provided by the Federal Home Loan Bank of San Francisco pursuant to the regulations governing the Affordable Housing Program ("AHP").

  • See Note 7 for the Notes Receivable from Kings River Commons related to this AHP Loan.

  • See Note 7 for the Notes Receivable from Kingsburg Marion Villas related to this AHP Loan.

  • See Note 7 for the Notes Receivable from Reedley Trailside related to this AHP Loan.

  • Orange Cove In May 2015, the Agency entered into a loan agreement with Rabobank in the amount of $450,000 (the "AHP Loan") from funds provided by the Federal Home Loan Bank of San Francisco pursuant to the regulations governing the Affordable Housing Program ("AHP").


More Definitions of AHP Loan

AHP Loan means a loan obtained by Developer under AHP.
Sample 1
AHP Loan means a loan from a member institution of the Federal Home Loan Bank of San Francisco Affordable Housing Program Loan Program (“AHP”) pursuant to Section 21 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 to assist in gap financing of
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AHP Loan shall have the meaning given such term in the Recitals to this Loan Agreement. “AHP Loan Documents" means, collectively, the AHP Note, the AHP Deed of Trust, and any other document evidencing, securing, guaranteeing or otherwise relating to the AHP Loan. “Application for Payment" has the meaning ascribed to such term in the Disbursement Plan attached hereto as Exhibit “D”.
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AHP Loan means, collectively, the loan or loans made from the AHP Lender to the Borrower in the aggregate, original principal amount of [$1,560,000].
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AHP Loan means financing received by Owner from the Affordable Housing Program administered by the Federal Housing Finance Agency to partially subsidize the Project.
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Related to AHP Loan

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Term Loan has the meaning specified in Section 2.01(b).

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Initial Loan is defined in Section 2.1.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.