C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES › PART 248—PREPAYMENT OF LOW INCOME HOUSING MORTGAGES › Subpart A—General

24 C.F.R. § 248.1

Purpose

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

The purpose of this part is to—

(a) Preserve and retain to the maximum extent practicable as housing affordable to low income families or persons those privately owned dwelling units that were produced for such purpose with Federal assistance, without unduly restricting the owners' prepayment rights;

(b) Minimize the involuntary displacement of tenants currently residing in such housing;

(c) Work in partnership with State and local government and the private sector in the provision and operation of housing that is affordable to very low, low and moderate income families; and

(d) Facilitate the sale of housing to residents under a resident homeownership program.

Notes of Decisions
Cited in 2 cases, 2001–2005 · leading case: Cienega Gardens v. United States, 67 Fed. Cl. 434 (Fed. Cl. 2005).
Sort: Relevance Newest Treatment
Cienega Gardens v. United States, 67 Fed. Cl. 434 (Fed. Cl. 2005). “24 C.F.R. §§ 248.1 to 248.319 (1993). LIHPHRA was generally similar in effect to ELIHPA, but differed in several important respects.”
Piedmont Plaza Investors v. Dep't of Revenue, 18 P.3d 1092 (Or. 2001). “See 24 CFR § 248.1 (2000) (describing purposes of Preservation Act).”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.