Regulations last checked for updates: Jun 02, 2024

Title 24 - Housing and Urban Development last revised: May 28, 2024
§ 906.25 - Ownership interests that may be conveyed to a purchaser.

A homeownership program may provide for sale to the purchasing family of any ownership interest that the PHA considers appropriate under the homeownership program, including but not limited to:

(a) Ownership in fee simple;

(b) A condominium interest;

(c) An interest in a limited dividend cooperative;

(d) A shared appreciation interest with a PHA providing financing; or

(e) A leasehold under a bona fide lease-purchase arrangement.

authority: 42 U.S.C. 1437z-4 and 3535(d)
source: 68 FR 1172, Mar. 11, 2003, unless otherwise noted.
cite as: 24 CFR 906.25