24 CFR § 906.3 - Requirements applicable to homeownership programs previously approved by HUD.
---
identifier: "/us/cfr/t24/s906.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 906.3 - Requirements applicable to homeownership programs previously approved by HUD."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "906.3"
section_name: "Requirements applicable to homeownership programs previously approved by HUD."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "906"
part_name: "PUBLIC HOUSING HOMEOWNERSHIP PROGRAMS"
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. 1437z-4 and 3535(d)."
regulatory_source: "68 FR 1172, Mar. 11, 2003, unless otherwise noted."
cfr_part: "906"
---
# 906.3 Requirements applicable to homeownership programs previously approved by HUD.
(a) Any existing section 5(h) or Turnkey III homeownership program continues to be governed by the requirements of part 906 or part 904 of this title, respectively, contained in the April 1, 2002, edition of 24 CFR, parts 700 to 1699. The use of other program income for homeownership activities continues to be governed by agreements executed with HUD.
(b) A PHA may convert an existing homeownership program, or a specific number of the units in such a program, to a homeownership program under this part with HUD approval.