1. LawStack
  2. Title 24 - Housing and Urban Development
  3. Subtitle B - REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT
  4. Chapter IX - OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
  5. Part 1000 - NATIVE AMERICAN HOUSING ACTIVITIES
  6. Subpart C - Indian Housing Plan (IHP)
  7. 24 CFR § 1000.242
24 CFR § 1000.242
When does the requirement for exemption from taxation apply to affordable housing activities?
February 22, 2021
CFR

The requirement for exemption from taxation applies only to rental and lease-purchase homeownership units assisted with IHBG funds which are owned by the Indian tribe or TDHE.

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§ 1000.240 When is a local cooperation agreement required for affordable housing activities?
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§ 1000.244 If the recipient has made a good-faith effort to negotiate a cooperation agreement and tax-exempt status but has been unsuccessful through no fault of its own, may the Secretary waive the requirement for a cooperation agreement and a tax exemption?

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