Title 24

PART 904

Part 904 - Low Rent Housing Homeownership Opportunities

PART 904 - LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES Authority:42 U.S.C. 1437-1437ee and 3535(d). Source:39 FR 10966, Mar. 22, 1974, unless otherwise noted. Redesignated at 40 FR 15580, Apr. 7, 1975, and further redesignated at 49 FR 6714, Feb. 23, 1984.

• Authority: 42 U.S.C. 1437-1437ee and 3535(d).
• Source: 39 FR 10966, Mar. 22, 1974, unless otherwise noted. Redesignated at 40 FR 15580, Apr. 7, 1975, and further redesignated at 49 FR 6714, Feb. 23, 1984.

24:4.1.3.1.4.1	SUBPART A	Subpart A - Introduction to Low-Rent Housing Homeownership Opportunity Program [Reserved]
24:4.1.3.1.4.2	SUBPART B	Subpart B - Turnkey III Program Description
24:4.1.3.1.4.2.5.1	SECTION 904.101	904.101 Introduction.
24:4.1.3.1.4.2.5.2	SECTION 904.102	904.102 Definitions.
24:4.1.3.1.4.2.5.3	SECTION 904.103	904.103 Development.
24:4.1.3.1.4.2.5.4	SECTION 904.104	904.104 Eligibility and selection of homebuyers.
24:4.1.3.1.4.2.5.5	SECTION 904.105	904.105 Counseling of homebuyers.
24:4.1.3.1.4.2.5.6	SECTION 904.106	904.106 Homebuyers Association (HBA).
24:4.1.3.1.4.2.5.7	SECTION 904.107	904.107 Responsibilities of homebuyer.
24:4.1.3.1.4.2.5.8	SECTION 904.108	904.108 Break-even amount.
24:4.1.3.1.4.2.5.9	SECTION 904.109	904.109 Monthly operating expense.
24:4.1.3.1.4.2.5.10	SECTION 904.110	904.110 Earned Home Payments Account (EHPA)
24:4.1.3.1.4.2.5.11	SECTION 904.111	904.111 Nonroutine Maintenance Reserve (NRMR).
24:4.1.3.1.4.2.5.12	SECTION 904.112	904.112 Operating reserve.
24:4.1.3.1.4.2.5.13	SECTION 904.113	904.113 Achievement of ownership by initial homebuyer.
24:4.1.3.1.4.2.5.14	SECTION 904.114	904.114 Payment upon resale at profit.
24:4.1.3.1.4.2.5.15	SECTION 904.115	904.115 Achievement of ownership by subsequent homebuyers.
24:4.1.3.1.4.2.5.16	SECTION 904.116	904.116 Transfer of title to homebuyer.
24:4.1.3.1.4.2.5.17	SECTION 904.117	904.117 Responsibilities of homebuyer after acquisition of ownership.
24:4.1.3.1.4.2.5.18	SECTION 904.118	904.118 Homeowners association - planned unit development (PUD).
24:4.1.3.1.4.2.5.19	SECTION 904.119	904.119 Homeowners association - condominium.
24:4.1.3.1.4.2.5.20	SECTION 904.120	904.120 Relationship of homeowners association to HBA.
24:4.1.3.1.4.2.5.21	SECTION 904.121	904.121 Use of appendices.
24:4.1.3.1.4.2.5.22	SECTION 904.122	904.122 Statutory preferences.
24:4.1.3.1.4.2.5.23.1	APPENDIX	Appendixes I-IV to Subpart B of Part 905
24:4.1.3.1.4.2.5.23.2	APPENDIX Appendix I	Appendix I to Subpart B of Part 904 - Annual Contributions Contract
24:4.1.3.1.4.2.5.23.3	APPENDIX Appendix II	Appendix II to Subpart B of Part 904 - Homebuyers Ownership Opportunity Agreement (Turnkey III)
24:4.1.3.1.4.2.5.23.4	APPENDIX Appendix III	Appendix III to Subpart B of Part 904 - Certification of Homebuyer Status
24:4.1.3.1.4.2.5.23.5	APPENDIX Appendix IV	Appendix IV to Subpart B of Part 904 - Promissory Note for Payment upon Resale by Homebuyer at Profit
24:4.1.3.1.4.3	SUBPART C	Subpart C - Homeownership Counseling and Training
24:4.1.3.1.4.3.5.1	SECTION 904.201	904.201 Purpose.
24:4.1.3.1.4.3.5.2	SECTION 904.202	904.202 Objectives.
24:4.1.3.1.4.3.5.3	SECTION 904.203	904.203 Planning.
24:4.1.3.1.4.3.5.4	SECTION 904.204	904.204 General requirements and information.
24:4.1.3.1.4.3.5.5	SECTION 904.205	904.205 Training methodology.
24:4.1.3.1.4.3.5.6	SECTION 904.206	904.206 Funding.
24:4.1.3.1.4.3.5.7	SECTION 904.207	904.207 Use of appendix.
24:4.1.3.1.4.3.5.8.6	APPENDIX Appendix I	Appendix I to Subpart C of Part 904 - Content Guide for Counseling and Training Program
24:4.1.3.1.4.4	SUBPART D	Subpart D - Homebuyers Association (HBA)
24:4.1.3.1.4.4.5.1	SECTION 904.301	904.301 Purpose.
24:4.1.3.1.4.4.5.2	SECTION 904.302	904.302 Membership.
24:4.1.3.1.4.4.5.3	SECTION 904.303	904.303 Organizing the HBA.
24:4.1.3.1.4.4.5.4	SECTION 904.304	904.304 Functions of the HBA.
24:4.1.3.1.4.4.5.5	SECTION 904.305	904.305 Funding of HBA.
24:4.1.3.1.4.4.5.6	SECTION 904.306	904.306 Performing management services.
24:4.1.3.1.4.4.5.7	SECTION 904.307	904.307 Alternative to HBA.
24:4.1.3.1.4.4.5.8	SECTION 904.308	904.308 Relationship with homeowners association.
24:4.1.3.1.4.4.5.9	SECTION 904.309	904.309 Use of appendices.
24:4.1.3.1.4.4.5.10.7	APPENDIX Appendix I	Appendix I to Subpart D of Part 904 - Articles of Incorporation and By-Laws of _______ Homebuyers Association
24:4.1.3.1.4.4.5.10.8	APPENDIX Appendix II	Appendix II to Subpart D of Part 904 - Recognition Agreement Between Local Housing Authority and Homebuyers Association

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