§92.501. HOME Investment Partnership Agreement.
24 C.F.R. § 92.501
Allocated and reallocated funds will be made available pursuant to a HOME Investment Partnership Agreement. The agreement ensures that HOME funds invested in affordable housing are repayable if the housing ceases to qualify as affordable housing before the period of affordability expires.
Notes, amendments, and revision history
Authority
Authority: 42 U.S.C. 3535(d) and 12701—12839, 12 U.S.C. 1701x.
Source
Source: 61 FR 48750, Sept. 16, 1996, unless otherwise noted.