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 B - Affordable Housing Activities
  7. 24 CFR § 1000.146
24 CFR § 1000.146
Are binding commitments for the remaining useful life of property applicable to a family member or household member who subsequently takes ownership of a homeownership unit?
February 22, 2021
CFR

No. The transfer of a homeownership unit to a family member or household member is not subject to a binding commitment for the remaining useful life of the property. Any subsequent transfer by the family member or household member to a third party (not a family member or household member) is subject to any remaining useful life under a binding commitment.

[77 FR 71526, Dec. 3, 2012]

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§ 1000.145 Are Mutual Help homes developed under the 1937 Act subject to the useful life provisions of section 205(a)(2)?
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§ 1000.147 When does housing qualify as affordable housing under NAHASDA?

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