24 CFR § 906.45 - HUD criteria for reviewing a proposed homeownership program.

---
identifier: "/us/cfr/t24/s906.45"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 906.45 - HUD criteria for reviewing a proposed homeownership program."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "906.45"
section_name: "HUD criteria for reviewing a proposed homeownership program."
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"
---


# 906.45 HUD criteria for reviewing a proposed homeownership program.

HUD will use the following criteria in reviewing a homeownership program:

(a) *Feasibility.* The program must be practically feasible, with sound potential for long-term success. Financial viability, including the capability of purchasers to meet the financial obligations of homeownership, is a critical requirement.

(b) *Legality.* Counsel for the PHA shall certify that the homeownership program is consistent with applicable law, including the requirements of this part and any other applicable federal, state, and local statutes and regulations, including existing contracts, and HUD shall accept such certification unless HUD has information indicating that the certification is incorrect.

(c) *Documentation.* The program must be clear and complete enough to serve as a working document for implementation, as well as a basis for HUD review.

(d) *PHA performance in homeownership.* The PHA (and any other entity with substantial responsibility for implementing the homeownership program) must have demonstrated the commitment and capability to successfully implement the homeownership program based upon the criteria stated in § 906.41(d).