NSP FAQ
Q

How must the affordability and resale/recapture provisions be legally recorded?

Date Published: October 2012

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A

As provided in paragraph 24 CFR Part 92.254(a)(5)(i)(A), deed restrictions, covenants running with the land, or other similar mechanisms must be used as the mechanism to impose the affordability and recapture/resale requirements.


Tags: NSP Program Requirements - Affordability Period

FAQ ID:

463