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Housing Choice Voucher Program Homeownership Option: Eligibility of Units Owned or Controlled by a Public Housing Agency

HUD · hud-housing-vouchers · Published 2002-10-28 · Effective 2002-11-27 · 67 FR 65864

Document

Document number
02-27310
Federal Register citation
67 FR 65864
CFR reference
24 CFR 982
Type
Rule
Action
Interim rule.
Category
hud-housing-vouchers
Agency
US Department of Housing and Urban Development
Publication date
2002-10-28
Effective date
2002-11-27
Docket
Docket No. FR-4759-I-01

Abstract

This interim rule provides that units owned or substantially controlled by a public housing agency (PHA) are eligible for purchase under the Housing Choice Voucher Program homeownership option. The inclusion of PHA-owned or controlled properties among properties eligible for purchase under the homeownership option will expand the availability of housing and affordable homeownership opportunities for voucher families participating in the homeownership option. The interim rule also establishes procedures to remove potential conflicts of interest where the PHA is the seller. Specifically, the interim rule provides that an independent entity must perform certain administrative duties for which the PHA would normally be responsible. These provisions are modeled on the requirements for PHA-owned units in the voucher rental program.

Source

Authoritative
Federal Register document
Machine
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