Home
gpo.gov
govinfo.gov

e-CFR Navigation Aids

Browse

Simple Search

Advanced Search

 — Boolean

 — Proximity

 

Search History

Search Tips

Corrections

Latest Updates

User Info

FAQs

Agency List

Incorporation By Reference

eCFR logo

Related Resources

Electronic Code of Federal Regulations

e-CFR data is current as of July 9, 2020

Title 24Subtitle BChapter IISubchapter BPart 248Subpart D → §248.315


Title 24: Housing and Urban Development
PART 248—PREPAYMENT OF LOW INCOME HOUSING MORTGAGES
Subpart D—State Preservation Project Assistance


§248.315   Preservation agreements.

(a) Agreements required. Owners of projects with State assisted or subsidized mortgages whose plans of action have been approved under §248.307 shall enter into agreements, contracts and/or mortgage modifications with the State agency or local housing authority to maintain the housing as affordable to tenants in accordance with §248.145. Such agreements may provide for the renewal of any assistance made available under §248.319(c).

(b) Term of agreement. Preservation agreements shall be coterminous with the expiration of any assistance provided under §248.153 and made available in accordance with §248.319(c).

Need assistance?