811 PRA FAQ
Q

What is the PRA recording priority of the Use Restriction?

Date Published: October 2015

Print ShareThis

A

HUD understands that real estate transactions have a number of parties and a high degree of complexity requiring flexibility in the application of HUD requirements. Grantees must balance objectives of a number of funding sources.

Furthermore, HUD understands Project Rental Assistance (PRA) provides operating assistance, not capital funding. HUD does not require the PRA use agreement to be in first position.


Tags: 811 PRA Program Requirements - Use Agreement

FAQ ID:

2583