HFA Initiative definition
Examples of HFA Initiative in a sentence
Each of the GSEs has briefed FHFA on its plans to conduct the HFA Initiative in a manner that is consistent with the goals of being both commercially reasonable and safe and sound.
Each of Treasury, FHFA, ▇▇▇▇▇▇▇ Mac and ▇▇▇▇▇▇ Mae will designate personnel to review, approve and/or execute documents in connection with various closings contemplated under the HFA Initiative.
Treasury requested that FHFA and the GSEs design and implement the HFA Initiative.
Therefore, FHFA, as conservator of ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ Mac, directs the GSEs to participate in the HFA Initiative on a basis that is consistent with the goals of being commercially reasonable and safe and sound.
The execution of the Definitive Documentation is subject to (i) the provision by Treasury or the Internal Revenue Service of guidance, including a closing agreement, in a form mutually agreeable to the parties hereto, on the tax consequences of the HFA Initiative for the GSEs and (ii) revision of the terms and conditions set forth herein, as needed, to avoid material adverse tax consequences for the GSEs.
The implementation by the parties hereto of the intentions articulated by this MOU, so as to make it a binding agreement of the parties with respect to the HFA Initiative, is wholly subject to the execution of the Definitive Documentation.
The parties hereto intend to negotiate in good faith, and execute mutually acceptable definitive binding written agreements and documents for implementing the HFA Initiative including, but not limited to, the Principal New Issue Bond Closing Documents, the Principal Multifamily Bond Closing Documents and the Principal TCLF Closing Documents, all as set forth in Section 6 of this MOU (collectively, the “Definitive Documentation”).