Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
SubChapter I - HUD-Owned Properties |
Part 290 - Disposition of Multifamily Projects and Sale of HUD-Held Multifamily Mortgages |
Subpart B - Sale of HUD-Held Multifamily Mortgages |
§ 290.30 - General.
Latest version.
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§ 290.30 General.
(a) Except as otherwise provided in § 290.31(a)(2), HUD will sell HUD-held multifamily mortgages on a competitive basis. HUD retains full discretion to offer any qualifying mortgage for sale and to withhold or withdraw any offered mortgage from sale. However, when a qualifying mortgage is offered for sale, the procedures set out in this subpart will govern the sale.
(b) References in subpart B of this part to mortgages securing subsidized projects include HUD-held purchase money mortgages on subsidized projects.
[61 FR 11685, Mar. 21, 1996, as amended at 61 FR 32265, June 21, 1996]