[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: 24CFR904.307]



[Page 342]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 904_LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES--Table of Contents

 

                 Subpart D_Homebuyers Association (HBA)

 

Sec.  904.307  Alternative to HBA.



    Where the homes are on scattered sites (noncontiguous lots 

throughout a multi-block area, with no common property), or where the 

number of homes may be too few to support an HBA, and where an 

alternative method for homebuyer representation and continuing 

counseling is provided, an HBA shall not be required. For such cases, a 

modified form of homebuyers association may be called for or a less 

formal organization may be desirable. This decision shall be made 

jointly by the LHA and the homebuyers, acting on the recommendation of 

HUD.