---
kind: "section"
citation: "24 C.F.R. § 904.106"
title: "24"
number: "904.106"
heading: "Homebuyers Association (HBA)."
url: "https://uscodex.org/cfr/24/904.106"
---

# §904.106. Homebuyers Association (HBA).


An HBA is an incorporated organization composed of all the families who are entitled to occupancy pursuant to a Homebuyers Ownership Opportunity Agreement or who are homeowners. It is formed and organized for the purposes set forth in [§ 904.304](/cfr/24/904.304.md) of this part. The HBA shall be funded as provided in [§ 904.305](/cfr/24/904.305.md) of this part. In the absence of a duly organized HBA, the LHA shall be free to act without the HBA action required by this subpart.


## Notes

### Authority

Authority: 42 U.S.C. 1437-1437ee and 3535(d).

### Source

Source: 39 FR 10966, Mar. 22, 1974, unless otherwise noted. Redesignated at 40 FR 15580, Apr. 7, 1975, and further redesignated at 49 FR 6714, Feb. 23, 1984.