[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: 24CFR906.25]



[Page 359]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 906_PUBLIC HOUSING HOMEOWNERSHIP PROGRAMS--Table of Contents

 

                    Subpart D_Program Administration

 

Sec.  906.25  Ownership interests that may be conveyed to a purchaser.



    A homeownership program may provide for sale to the purchasing 

family of any ownership interest that the PHA considers appropriate 

under the homeownership program, including but not limited to:

    (a) Ownership in fee simple;

    (b) A condominium interest;

    (c) An interest in a limited dividend cooperative;

    (d) A shared appreciation interest with a PHA providing financing; 

or

    (e) A leasehold under a bona fide lease-purchase arrangement.