CFR > Title 24 - Housing and Urban Development > CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT > PART 1000—NATIVE AMERICAN HOUSING ACTIVITIES > SUBPART E—Federal Guarantees for Financing of Tribal Housing Activities (§1000.401 to §1000.436) > 1000.412—Can an issuer obtain a guarantee for more than one note or other obligation at a time?

1000.412—Can an issuer obtain a guarantee for more than one note or other obligation at a time?

Yes. To obtain multiple guarantees, the issuer shall demonstrate that:
(a) The issuer will not exceed a total for all notes or other obligations in an amount equal to five times its grant amount, excluding any amount no longer owed on existing notes or other obligations; and
(b) Issuance of additional notes or other obligations is within the financial capacity of the issuer.