Return on equity (Repealed)

(a) The mortgagor's equity in a project shall consist of the difference between the amount of the CHFA loan and the total project cost, whether or not such cost has been paid in cash or in a form other than cash. (b) A loan to a mortgagor, other than a nonprofit corporation having as one of its purposes the construction or rehabilitation of housing, shall be subject to an agreement between CHFA and the mortgagor limiting the mortgagor, and its principals or stockholders, to a return on the mortgagor's equity in any project assisted with a loan from CHFA.