---
kind: "section"
citation: "24 C.F.R. § 906.3"
title: "24"
number: "906.3"
heading: "Requirements applicable to homeownership programs previously approved by HUD."
url: "https://uscodex.org/cfr/24/906.3"
---

# §906.3. Requirements applicable to homeownership programs previously approved by HUD.

- (a) Any existing [section 5(h)](/cfr/24/5.md?p=h) or Turnkey III homeownership program continues to be governed by the requirements of [part 906](/cfr/24/part906.md) or [part 904 of this title](/cfr/24/part904.md), respectively, contained in the April 1, 2002, edition of [24 CFR](/cfr/24.md), parts [700](/cfr/24/part700.md) to [1699](/cfr/24/part1699.md). The use of other program income for homeownership activities continues to be governed by agreements executed with HUD.
- (b) A PHA may convert an existing homeownership program, or a specific number of the units in such a program, to a homeownership program under this part with HUD approval.

## Notes

### Authority

Authority: 42 U.S.C. 1437z-4 and 3535(d).

### Source

Source: 68 FR 1172, Mar. 11, 2003, unless otherwise noted.