1. LawStack
  2. Title 24 - Housing and Urban Development
  3. Subtitle B - REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT
  4. Chapter IV - OFFICE OF HOUSING AND OFFICE OF MULTIFAMILY HOUSING ASSISTANCE RESTRUCTURING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
  5. Part 401 - MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET)
  6. Subpart C - Restructuring Plan
  7. 24 CFR § 401.406
24 CFR § 401.406
Execution of Restructuring Commitment
February 22, 2021
CFR

When HUD approves the Restructuring Commitment, the PAE will deliver the Restructuring Commitment to the owner for execution. The Restructuring Commitment becomes binding upon execution by the owner. An owner who does not execute the Restructuring Commitment may appeal its terms and seek modification under subpart F of this part.

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§ 401.405 Restructuring Commitment review and approval by HUD
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§ 401.407 Closing conducted by PAE

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