[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: 24CFR904.308]



[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.  904.308  Relationship with homeowners association.



    The HBA and the homeowners association are, in legal terms, separate 

and distinct organizations with different functions. The homeowners 

association may hold title to and be responsible for maintenance of 

common property (see Sec. Sec.  904.119 and 904.120), while the HBA has 

more general service and representative functions. While all residents 

are members of the HBA, only those who have acquired title to their 

homes are members of the homeowners association.