StacksVerified U.S. regulatory reference

24 CFR §248.301

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A State agency shall make an initial application to the Commissioner which:
  1. (a)Describes the manner by which the State housing program provides mortgage assistance or subsidy to private mortgagors to provide housing opportunities for low and moderate income families;
  2. (b)Includes copies of the authorizing legislation, any implementing regulations and any administrative guidance provided to owners;
  3. (c)Includes a comprehensive description of the terms and conditions under which a private owner may prepay the assisted or subsidized mortgage without the prior consent of the State agency;
  4. (d)Includes a complete set of pro forma mortgage and/or regulatory documents which evidence an owner's ability to prepay the assisted or subsidized mortgage without the consent of the State agency;
  5. (e)Includes a list of all properties assisted under the State or local housing program whose owners are eligible to prepay the assisted or subsidized mortgages without the consent of the State agency.