---
kind: "section"
citation: "24 C.F.R. § 905.700"
title: "24"
number: "905.700"
heading: "Other security interests."
url: "https://uscodex.org/cfr/24/905.700"
---

# §905.700. Other security interests.

- (a) The PHA may not pledge, mortgage, enter into a transaction that provides recourse to public housing assets, or otherwise grant a security interest in any public housing project, portion thereof, or other property of the PHA without the written approval of HUD.
- (b) The PHA shall submit the request in the form and manner prescribed by HUD.
- (c) HUD shall consider:
  - (1) The ability of the PHA to complete the financing, the improvements, and repay the financing;
  - (2) The reasonableness of the provisions in the proposal; or
  - (3) **Any other factors HUD deems appropriate.**

## Notes

### Source

Source: 78 FR 63786, Oct. 24, 2013, unless otherwise noted.

### Authority

Authority: 42 U.S.C. 1437g, 42 U.S.C. 1437z-2, 42 U.S.C. 1437z-7, and 3535(d).

### Source

Source: 65 FR 14426, Mar. 16, 2000, unless otherwise noted.