Purpose Of The Corporation:

(1) It is the purpose of the Tennessee Housing Rehabilitation Corporation (THRC) to utilize its authority to insure mortgage loans so as to increase the housing opportunities of the residents of the State of Tennessee. In exercising its mortgage insuring authority, the Corporation shall give priority consideration to the enhancement of community stability within the State. To achieve this end, the Corporation shall be administered so as to establish economical, flexible and expeditious mortgage insurance programs, supplemental to existing federal and private mortgage insurance programs. (2) In carrying out the purpose and intent of the Act and of these Rules and Regulations, the Corporation may, from time to time, alter the plans for insurance herein described and implement demonstration programs or additional insurance plans as it may deem necessary or appropriate.