---
kind: "section"
citation: "24 C.F.R. § 248.3"
title: "24"
number: "248.3"
heading: "Applicability."
url: "https://uscodex.org/cfr/24/248.3"
---

# §248.3. Applicability.


The requirements of subparts [B](/cfr/24/subpartB.md) and [C](/cfr/24/subpartC.md) of this part apply to any project that is eligible low income housing, as defined in subparts [B](/cfr/24/subpartB.md) and [C](/cfr/24/subpartC.md) of this part respectively, on or after November 1, 1987, except that such requirements shall not apply to a project which receives assistance under title IV, subtitle B of the Cranston-Gonzalez National Affordable Housing Act in connection with a homeownership program approved by the Commissioner thereunder.


## Notes

### Source

Source: 57 FR 12041, Apr. 8, 1992, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 17151 note, 4101 note, and 4101-4124; 42 U.S.C. 3535(d).