24 C.F.R. §236.60 - Excess Income

Cite as24 C.F.R. §236.60
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3 cases
  • Parker v. St. Stephen's Urban Development Corp., Inc.
    • United States
    • New Jersey Superior Court – Appellate Division
    • 24 août 1990
    ...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......
  • Community Development Co. of Gardner v. Board of Assessors of Gardner
    • United States
    • United States State Supreme Judicial Court of Massachusetts
    • 21 février 1979
    ...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 ......
  • Mork & Assocs. v. Partners, A19-1914
    • United States
    • Court of Appeals of Minnesota
    • 1 mars 2021
    ...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......

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