24 CFR 982.629 - Homeownership option: Additional PHA requirements for family search and purchase.

Regulations last checked for updates: Oct 17, 2024

Title 24 - Housing and Urban Development last revised: Sep 16, 2024

View all text of Subpart M [§ 982.601 - § 982.643]

§ 982.629 - Homeownership option: Additional PHA requirements for family search and purchase.

(a) The PHA may establish the maximum time for a family to locate a home, and to purchase the home.

(b) The PHA may require periodic family reports on the family's progress in finding and purchasing a home.

(c) If the family is unable to purchase a home within the maximum time established by the PHA, the PHA may issue the family a voucher to lease a unit or place the family's name on the waiting list for a voucher.

authority: 42 U.S.C. 1437f and 3535(d)

source: 59 FR 36682, July 18, 1994, unless otherwise noted.

cite as: 24 CFR 982.629