← Civilian agency rules (VA/HUD/ED/SSA)

HOME Investment Partnerships Program; Amendments to Homeownership Affordability Requirements

HUD · hud-other · Published 2004-11-22 · Effective 2004-12-22 · 69 FR 68050

Document

Document number
04-25753
Federal Register citation
69 FR 68050
CFR reference
24 CFR 92
Type
Rule
Action
Interim rule.
Category
hud-other
Agency
US Department of Housing and Urban Development
Publication date
2004-11-22
Effective date
2004-12-22
Docket
Docket No. FR-4940-I-01

Abstract

This interim rule revises the homeownership affordability requirements of the HOME Investment Partnership program. First, the interim rule clarifies that, upon the sale of HOME-assisted homeownership housing before the close of the required affordability period, a participating jurisdiction may recapture an amount less than or equal to the net proceeds of the sale. Second, the interim rule also provides a participating jurisdiction with the flexibility to invest additional HOME funds in homebuyer housing for which HOME funds have already been used.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown