Notice
Due to the lapse in Congressional Appropriations for Fiscal Year 2019, the U.S. Department of Housing and Urban Development (HUD) is closed. This website is supported by a cooperative agreement funded under a prior appropriation. Current functions will remain operational but no new functions will be added during the lapse in appropriations. For more information, see HUD Contingency Plan for Possible Lapse in Appropriations.
  • HOMEfires
  • HUD Guidance

HOMEfires Vol. 5, No. 2: Termination of the Affordability Restrictions on a HOME-assisted Project Due to Foreclosure or Transfer in Lieu of Foreclosure

Date Published: May 2003

Print ShareThis

Description

This HOMEfires is out of date and is being updated by HUD

Does the termination of the affordability restrictions on a HOME-assisted project due to foreclosure or transfer in lieu of foreclosure relieve the Participating Jurisdiction (PJ) of the requirement to repay the HOME investment in projects in which the affordability requirements are not met for the full affordability period?


Tags: HOME
Author Organization
  • HUD
Resource Approver
  • HUD Approved