24 C.F.R. §92.254 - Qualification as affordable housing: Homeownership
| Cite as | 24 C.F.R. §92.254 |
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5 cases
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Grant v. City of Roanoke, Civil Action No. 7:16CV00007
...receiving allocations of funds made available under the Act. Id. HUD has promulgated regulations implementing the HOME Program. See 24 C.F.R. § 92.254. Pursuant to the regulations, housing that is for acquisition by a family must meet certain "affordability requirements." Id. § 92.254(a). I......
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Hallmark Developers, Inc. v. Fulton County, Ga., 05-15633.
...geographical area pays 30% or less of gross monthly income for mortgage and utilities or rent and utilities. See 24 C.F.R. §§ 92.2, 92.252, 92.254. 2. In its order on summary judgment, the District Court stated that it was undisputed that no concerns regarding quality were expressed. At tri......
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In re 28™ Legislative Dist. Cmty. Dev. Corp., 10-14804
...of the period of affordability, then there is a provision for "recapture" of th HOME funds, in part or in whole, from the homebuyer. 24 C.F.R. 92.254(a)(5)(ii). Funds that are "recaptured" in accordance with 92.254(a)(5)(ii) must be usedin accordance with the requirements of this part. Reca......
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Arocho v. N.J. Dep't of Cmty. Affairs, DOCKET NO. A-4639-17T2
...to "a buyer whose family qualifies as a low-Page 10 income family and will use the property as the family's principal residence." 24 C.F.R. § 92.254(a)(5)(i). The resale provision must ensure the price at resale "provides the original HOME-assisted owner a fair return on investment . . . an......
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