Section 14.05 - Program Components(1) All LPALP loans shall be used for lead paint abatement and containment activities in compliance with the Massachusetts Lead Law, M.G.L. c. Ill, §§ 190 through 199B.(2) LPALP loans shall be made only to owners of dwelling units in which low or moderate income persons or families reside or will reside immediately after abatement or containment.(3) MHFA shall publish the terms and conditions of LPALP loans in the Operations Manual, provided that: (a) such terms and conditions shall be based upon income level criteria;(b) borrowers may be permitted to defer loan repayment until sale, transfer, or refinancing of the property; and(c) the rate of interest shall not exceed the maximum rate set in the Operations Manual subject to approval of DHCD, provided that this maximum rate may be increased upon written authorization by the Undersecretary of DHCD or his or her designee.(4) Not less than 1/2 of the funds allocated for the LPALP shall be distributed to agencies and organizations serving high-risk areas and communities.Amended by Mass Register Issue 1331, eff. 1/27/2017.