---
kind: "section"
citation: "7 C.F.R. § 1822.275"
title: "7"
number: "1822.275"
heading: "Actions after sites are developed."
url: "https://uscodex.org/cfr/7/1822.275"
---

# §1822.275. Actions after sites are developed.


The building sites will be sold on a nonprofit basis to eligible families or organizations as described in [§ 1822.266(c)](/cfr/7/1822.266.md?p=c).

- (a) An option, RD 440-34, “Option to Purchase Real Property,” will be executed. The site will be clearly identified by a land survey.
- (b) The sale price of each individual site will not be more than a sufficient amount to pay a proportionate part of the RHS loan and any other actual costs of buying, developing, and selling the building site.
- (c) The proceeds from sale of the building sites will be applied on the RHS loan and any prior lien or, with the prior approval of the National Office, used in a manner consistent with the purpose of the loan and the security interest of the Government. The sites will be released from the mortgage in accordance with [7 CFR part 3550](/cfr/7/part3550.md), [subpart D](/cfr/7/subpartD.md) or otherwise in accordance with prior approval of the National Office.

## Notes

### Amendments

[35 FR 16087, July 1, 1970, as amended at 51 FR 4135, Feb. 3, 1986; 67 FR 78326, Dec. 24, 2002; 80 FR 9866, Feb. 24, 2015]

### Authority

Authority: 5 U.S.C. 301; 42 U.S.C. 1480.

### Source

Source: 35 FR 16087, July 1, 1970, unless otherwise noted.

### Authority

Authority: 42 U.S.C. 1480; 5 U.S.C. 301; 7 CFR 2.23; 7 CFR 2.70.

### Amendments

[35 FR 16087, July 1, 1970, as amended at 51 FR 4135, Feb. 3, 1986; 67 FR 78326, Dec. 24, 2002; 80 FR 9866, Feb. 24, 2015]