§ 906.25 - Ownership interests that may be conveyed to a purchaser.  


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  • § 906.25 Ownership interests that may be conveyed to a purchaser.

    A homeownership program may provide for sale to the purchasing family of any ownership interest that the PHA considers appropriate under the homeownership program, including but not limited to:

    (a) Ownership in fee simple;

    (b) A condominium interest;

    (c) An interest in a limited dividend cooperative;

    (d) A shared appreciation interest with a PHA providing financing; or

    (e) A leasehold under a bona fide lease-purchase arrangement.