# 24 CFR § 248.3: Applicability

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-24-248.3

## Section

- **Citation:** 24 CFR § 248.3
- **Heading:** Applicability
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 24—Housing and Urban Development > Subtitle B—Regulations Relating to Housing and Urban Development > CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT > SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES > PART 248—PREPAYMENT OF LOW INCOME HOUSING MORTGAGES > Subpart A—General

## Text

The requirements of subparts B and C of this part apply to any project that is eligible low income housing, as defined in subparts B and C of this part respectively, on or after November 1, 1987, except that such requirements shall not apply to a project which receives assistance under title IV, subtitle B of the Cranston-Gonzalez National Affordable Housing Act in connection with a homeownership program approved by the Commissioner thereunder.

## Nearby sections

- [24 CFR § 248.1 § 248.1 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.1.md)
- [24 CFR § 248.3 § 248.3 Applicability.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.3.md)
- [24 CFR § 248.5 § 248.5 Election to proceed under subpart B or subpart C of this part.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.5.md)
- [24 CFR § 248.101 § 248.101 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.101.md)
- [24 CFR § 248.103 § 248.103 General prepayment limitation.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.103.md)
- [24 CFR § 248.105 § 248.105 Notice of intent.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.105.md)
- [24 CFR § 248.111 § 248.111 Appraisal and preservation value of eligible low income housing.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.111.md)
- [24 CFR § 248.121 § 248.121 Annual authorized return and aggregate preservation rents.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.121.md)
- [24 CFR § 248.123 § 248.123 Determination of Federal cost limit.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.123.md)
- [24 CFR § 248.127 § 248.127 Limitations on action pursuant to Federal cost limit.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.127.md)
- [24 CFR § 248.131 § 248.131 Information from the Commissioner.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.131.md)
- [24 CFR § 248.133 § 248.133 Second notice of intent.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.133.md)
- [24 CFR § 248.135 § 248.135 Plans of action.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.135.md)
- [24 CFR § 248.141 § 248.141 Criteria for approval of a plan of action involving prepayment and voluntary termination.](https://www.frixlaw.com/law-library/statutes/ecfr-24-248.141.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-24-248.3. Check the current official text before relying on it. Not legal advice.