24 C.F.R. §236.60 - Excess Income
| Cite as | 24 C.F.R. §236.60 |
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3 cases
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Parker v. St. Stephen's Urban Development Corp., Inc.
...market rent. Any amount paid in excess of the base rent by tenants who do not receive HUD subsidies is used to reimburse HUD. 24 C.F.R. § 236.60 (1971); 12 U.S.C.A. § 1715z-1(g). Defendant's operation of Stephen Manor is governed entirely by HUD regulations and is supported by a combination......
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Community Development Co. of Gardner v. Board of Assessors of Gardner
...on the open market. 6 Any amount collected by the project owner in excess of the "basic monthly" rental rate must be remitted to HUD. 7 24 C.F.R. § 236.60 (1978). The owner may not charge in excess of the "fair market" rental. 24 C.F.R. § 236.55 At the hearing before the board, experts for ......
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Mork & Assocs. v. Partners, A19-1914
...than the basic gross rent potential, be returned to HUD on a monthly basis unless HUD authorizes the retention of that income. 24 C.F.R. § 236.60(a)-(c). 6. Two years later, the Vlachs purchased additional interests in WRP. On September 13, 2004, the Vlachs purchased the limited partner int......