811 PRA FAQ
Q

Will HUD allow the commitments to convey in order to facilitate a sale?

Date Published: October 2015

Print ShareThis

A

Yes. Properties with PRA assisted units will have a recorded use restriction on the property for 30 years. Similar to other use agreements or regulatory agreements, these are intended to survive foreclosure or sale of the property but can be assumed by a purchaser of the property at sale.


Tags: 811 PRA Program Requirements - Use Agreement

FAQ ID:

2621