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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

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This HOMEfires is out of date and is being updated by HUD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