---
kind: "section"
citation: "24 C.F.R. § 245.419"
title: "24"
number: "245.419"
heading: "Initial submission of materials to HUD: Major capital additions."
url: "https://uscodex.org/cfr/24/245.419"
---

# §245.419. Initial submission of materials to HUD: Major capital additions.


In the case of major capital additions, the mortgagor must submit the following materials to the local HUD office:

- (a) The general plans and sketches of the proposed capital additions;
- (b) A statement describing the estimated effect of the proposed capital additions on the value of the project, the project income and expenses (including property taxes), and the project rent schedule;
- (c) A statement describing how the proposed capital additions will be financed and the effect, if any, of that financing on the tenants;
- (d) A statement assessing the compatibility of the proposed capital additions with the residential character of the project; and
- (e) **A copy of the notice to tenants.**

## Notes

### Source

Source: 61 FR 57962, Nov. 8, 1996, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1715z-1b; 42 U.S.C. 3535(d).