§ 906.29 Below-Market sales and financing.
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 24 CFR: Housing and Urban Development › Chapter IX: OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › Part 906: PUBLIC HOUSING HOMEOWNERSHIP PROGRAMS › Subpart D: Program Administration › § 906.29: § 906.29 Below-Market sales and financing.
Text
A homeownership plan may provide for below-market purchase prices or below-market financing to enable below-market purchases, or a combination of the two. Discounted purchase prices may be determined on a unit-by-unit basis, based on the particular purchaser's ability to pay, or may be determined by any other fair and reasonable method (
e.g.,
uniform prices for a group of comparable dwellings, within a range of affordability by potential purchases). Below-market financing may include any lawful type of public or private financing, including but not limited to purchase-money mortgages, non-cash second mortgages, promissory notes, guarantees of mortgage loans from other lenders, shared equity, or lease-purchase arrangements.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.