24 C.F.R. § 248.301 Initial application.
Title 24 - Housing and Urban Development
A State agency shall make an initial application to the Commissioner which: (a) Describes the manner by which the State housing program provides mortgage assistance or subsidy to private mortgagors to provide housing opportunities for low and moderate income families; (b) Includes copies of the authorizing legislation, any implementing regulations and any administrative guidance provided to owners; (c) Includes a comprehensive description of the terms and conditions under which a private owner may prepay the assisted or subsidized mortgage without the prior consent of the State agency; (d) Includes a complete set of pro forma mortgage and/or regulatory documents which evidence an owner's ability to prepay the assisted or subsidized mortgage without the consent of the State agency; (e) Includes a list of all properties assisted under the State or local housing program whose owners are eligible to prepay the assisted or subsidized mortgages without the consent of the State agency.
Title 24: Housing and Urban Development
PART 248—PREPAYMENT OF LOW INCOME HOUSING MORTGAGES
Subpart D—State Preservation Project Assistance
§ 248.301 Initial application.
