[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR1000.124]



[Page 745]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 1000_NATIVE AMERICAN HOUSING ACTIVITIES--Table of Contents

 

                 Subpart B_Affordable Housing Activities

 

Sec.  1000.124  What maximum and minimum rent or homebuyer payment can 

a recipient charge a low-income rental tenant or homebuyer residing in 

housing units assisted with NAHASDA grant amounts?



    A recipient can charge a low-income rental tenant or homebuyer rent 

or homebuyer payments not to exceed 30 percent of the adjusted income of 

the family. The recipient may also decide to compute its rental and 

homebuyer payments on any lesser percentage of adjusted income of the 

family. This requirement applies only to units assisted with NAHASDA 

grant amounts. NAHASDA does not set minimum rents or homebuyer payments; 

however, a recipient may do so.