24 CFR § 904.106 - Homebuyers Association (HBA).

---
identifier: "/us/cfr/t24/s904.106"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 904.106 - Homebuyers Association (HBA)."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "904.106"
section_name: "Homebuyers Association (HBA)."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "904"
part_name: "LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 1437-1437ee and 3535(d)."
regulatory_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."
cfr_part: "904"
---


# 904.106 Homebuyers Association (HBA).

An HBA is an incorporated organization composed of all the families who are entitled to occupancy pursuant to a Homebuyers Ownership Opportunity Agreement or who are homeowners. It is formed and organized for the purposes set forth in § 904.304 of this part. The HBA shall be funded as provided in § 904.305 of this part. In the absence of a duly organized HBA, the LHA shall be free to act without the HBA action required by this subpart.