24 C.F.R. PART 904--LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES


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

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Subpart A--INTRODUCTION TO LOW-RENT HOUSING HOMEOWNERSHIP OPPORTUNITY PROGRAM--[RESERVED]

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Subpart B--TURNKEY III PROGRAM DESCRIPTION

�904.101
Introduction.
�904.102
Definitions.
�904.103
Development.
�904.104
Eligibility and selection of homebuyers.
�904.105
Counseling of homebuyers.
�904.106
Homebuyers Association (HBA).
�904.107
Responsibilities of homebuyer.
�904.108
Break-even amount.
�904.109
Monthly operating expense.
�904.110
Earned Home Payments Account (EHPA)
�904.111
Nonroutine Maintenance Reserve (NRMR).
�904.112
Operating reserve.
�904.113
Achievement of ownership by initial homebuyer.
�904.114
Payment upon resale at profit.
�904.115
Achievement of ownership by subsequent homebuyers.
�904.116
Transfer of title to homebuyer.
�904.117
Responsibilities of homebuyer after acquisition of ownership.
�904.118
Homeowners association--planned unit development (PUD).
�904.119
Homeowners association--condominium.
�904.120
Relationship of homeowners association to HBA.
�904.121
Use of appendices.
�904.122
Statutory preferences.
Appendix
Appendix I to Subpart B of Part 904--Annual Contributions Contract
Appendix
Appendix II to Subpart B of Part 904--Homebuyers Ownership Opportunity Agreement (Turnkey III)
Appendix
Appendix III to Subpart B of Part 904--Certification of Homebuyer Status
Appendix
Appendix IV to Subpart B of Part 904--Promissory Note for Payment upon Resale by Homebuyer at Profit
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Subpart C--HOMEOWNERSHIP COUNSELING AND TRAINING

�904.201
Purpose.
�904.202
Objectives.
�904.203
Planning.
�904.204
General requirements and information.
�904.205
Training methodology.
�904.206
Funding.
�904.207
Use of appendix.
Appendix
Appendix I to Subpart C of Part 904--Content Guide for Counseling and Training Program
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Subpart D--HOMEBUYERS ASSOCIATION (HBA)

�904.301
Purpose.
�904.302
Membership.
�904.303
Organizing the HBA.
�904.304
Functions of the HBA.
�904.305
Funding of HBA.
�904.306
Performing management services.
�904.307
Alternative to HBA.
�904.308
Relationship with homeowners association.
�904.309
Use of appendices.
Appendix
Appendix I to Subpart D of Part 904--Articles of Incorporation and By-Laws of _______ Homebuyers Association
Appendix
Appendix II to Subpart D of Part 904--Recognition Agreement Between Local Housing Authority and Homebuyers Association
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