Jackson Development CDBG MIT Loan Agreement

Collection: Government Financials
Type: Financial Report

KH 1137032.7 CDBG-MIT LOAN AGREEMENT BY AND BETWEEN VIRGIN ISLANDS HOUSING FINANCE AUTHORITY As Lender, And JACKSON DEVELOPMENT COMPANY, LLC As Borrower December 19, 2024 --- PAGE BREAK --- TABLE OF CONTENTS CDBG-MIT PROGRAM LOAN AGREEMENT .......sccsessesssssessssseesessesseesseanesnsaesnssesensensenneareareanensen 2 PRELIMINARY RECITALS: .....scessessesssessesseesessesseeseeseennenreneeseenscseceuseacseasenssneaussassnssasseesereareneeaneneee 2 AGREEMENT .......cescssssessssssssssssessecsssssssssssecsnecsnecsssesessaneenecsseconessnecnscensesauesneesnecsnseanecnacesnessnsnnessnersass 3 Section 1 LOAN TERMS AND USE OF FUNDS. 1.1. Principal Amount and Interest 1.2 Repayment Terms.......ssecssesssees 1.3 Expenditure of Funds. ........cccssssssessecssensessensssnesnsenssscensensearssnssansnssancsncsnscnssansnscassssssonssnssnossoeness 1.4 Security. 15 Note. 1.6 Reduction of Loan.......ssssseessve 1.7 __ Restricted Asset Account; Funding and Interim Application. 18 Term... …

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