24 C.F.R. § 235.320 Limitation of sales price.
Title 24 - Housing and Urban Development
To qualify for assistance payments, the homeowner shall not have paid in connection with the purchase of the property with respect to which assistance payments are to be made more than the Secretary's estimate of value of such property, nor shall the purchase price exceed 120 percent of the mortgage amount established pursuant to §235.25 or §235.30, whichever is applicable.
Title 24: Housing and Urban Development
PART 235—MORTGAGE INSURANCE AND ASSISTANCE PAYMENTS FOR HOME OWNERSHIP AND PROJECT REHABILITATION
Subpart C—Assistance Payments—Homes for Lower Income Families
§ 235.320 Limitation of sales price.
