[Code of Federal Regulations]
[Title 24, Volume 2]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR291.540]

[Page 504-505]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
 CHAPTER II--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING 
        COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 291--DISPOSITION OF HUD-ACQUIRED SINGLE FAMILY PROPERTY--Table of Contents
 
               Subpart F--Officer Next Door Sales Program
 
Sec. 291.540  What is the owner-occupancy term?

    The owner-occupancy term is the number of years a participant in the 
Officer Next Door Sales Program must agree to own, and live in as their 
sole residence, a home purchased through

[[Page 505]]

the Officer Next Door Sales Program. The owner-occupancy term is 
determined by HUD.