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Electronic Code of Federal Regulations

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e-CFR Data is current as of September 26, 2014

Title 24Subtitle BChapter IXPart 904


TITLE 24—Housing and Urban Development

Subtitle B—REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT (CONTINUED)

CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

PART 904—LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES

rule

Subpart A—INTRODUCTION TO LOW-RENT HOUSING HOMEOWNERSHIP OPPORTUNITY PROGRAM [RESERVED]

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Subpart B—TURNKEY III PROGRAM DESCRIPTION

§904.101
Introduction.
§904.102
Definitions.
§904.103
Development.
§904.104
Eligibility and selection of homebuyers.
§904.105
Counseling of homebuyers.
§904.106
Homebuyers Association (HBA).
§904.107
Responsibilities of homebuyer.
§904.108
Break-even amount.
§904.109
Monthly operating expense.
§904.110
Earned Home Payments Account (EHPA)
§904.111
Nonroutine Maintenance Reserve (NRMR).
§904.112
Operating reserve.
§904.113
Achievement of ownership by initial homebuyer.
§904.114
Payment upon resale at profit.
§904.115
Achievement of ownership by subsequent homebuyers.
§904.116
Transfer of title to homebuyer.
§904.117
Responsibilities of homebuyer after acquisition of ownership.
§904.118
Homeowners association—planned unit development (PUD).
§904.119
Homeowners association—condominium.
§904.120
Relationship of homeowners association to HBA.
§904.121
Use of appendices.
§904.122
Statutory preferences.
Appendix
Appendixes I-IV to Subpart B
Appendix
Appendix I to Subpart B of Part 904—Annual Contributions Contract
Appendix
Appendix II to Subpart B of Part 904—Homebuyers Ownership Opportunity Agreement (Turnkey III)
Appendix
Appendix III to Subpart B of Part 904—Certification of Homebuyer Status
Appendix
Appendix IV to Subpart B of Part 904—Promissory Note for Payment upon Resale by Homebuyer at Profit
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Subpart C—HOMEOWNERSHIP COUNSELING AND TRAINING

§904.201
Purpose.
§904.202
Objectives.
§904.203
Planning.
§904.204
General requirements and information.
§904.205
Training methodology.
§904.206
Funding.
§904.207
Use of appendix.
Appendix
Appendix I to Subpart C of Part 904—Content Guide for Counseling and Training Program
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Subpart D—HOMEBUYERS ASSOCIATION (HBA)

§904.301
Purpose.
§904.302
Membership.
§904.303
Organizing the HBA.
§904.304
Functions of the HBA.
§904.305
Funding of HBA.
§904.306
Performing management services.
§904.307
Alternative to HBA.
§904.308
Relationship with homeowners association.
§904.309
Use of appendices.
Appendix
Appendix I to Subpart D of Part 904—Articles of Incorporation and By-Laws of _______ Homebuyers Association
Appendix
Appendix II to Subpart D of Part 904—Recognition Agreement Between Local Housing Authority and Homebuyers Association


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