Title 24, Part 906 — Public Housing Homeownership Programs

Purpose.

Definitions.

Requirements applicable to homeownership programs previously approved by HUD.

Dwelling units and types of assistance that a PHA may make available under a homeownership program under this part.

Physical requirements that a property offered for sale under this part must meet.

Title restrictions and encumbrances on properties sold under a homeownership program.

Eligible purchasers.

Right of first refusal.

Requirements applicable to a family purchasing a property under a homeownership program.

PHA handling of homeownership applications.

Requirements applicable to a purchase and resale entity (PRE).

Protections available to non-purchasing public housing residents.

Protections available to non-purchasing residents of housing other than public housing.

Ownership interests that may be conveyed to a purchaser.

Limitations applicable to net proceeds on the sale of a property acquired through a homeownership program.

Below-Market sales and financing.

Requirements applicable to net proceeds resulting from sale.

Reporting and recordkeeping requirements.

Inapplicability of section 18 of the United States Housing Act of 1937.

Davis-Bacon and HUD wage rate requirements.

Requirement of HUD approval to implement a homeownership program under this part.

Contents of a homeownership program.

Supporting documentation.

Additional supporting documentation for acquisition of non-public housing for homeownership.

Where a PHA is to submit a homeownership program for HUD approval.

HUD criteria for reviewing a proposed homeownership program.

Environmental requirements.

HUD approval; implementing agreement.