[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: 24CFR906.3]



[Page 355]

 

                 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 A_General

 

Sec.  906.3  Requirements applicable to homeownership programs previously 

approved by HUD.



    (a) Any existing section 5(h) or Turnkey III homeownership program 

continues to be governed by the requirements of part 906 or part 904 of 

this title, respectively, contained in the April 1, 2002, edition of 24 

CFR, parts 700 to 1699. The use of other program income for 

homeownership activities continues to be governed by agreements executed 

with HUD.

    (b) A PHA may convert an existing homeownership program, or a 

specific number of the units in such a program, to a homeownership 

program under this part with HUD approval.