24 C.F.R. § 401.101 Which owners are ineligible to request Restructuring Plans?
Title 24 - Housing and Urban Development
(a) Mandatory rejection. The request of an owner of an eligible project will not be considered for a Restructuring Plan if the owner is debarred or suspended under part 24 of this title. (b) Discretion to reject. HUD may also decide not to accept a request for a Restructuring Plan if: (1) An affiliate is debarred or suspended under part 24 of this title; or (2) HUD notifies the owner that HUD is engaged in a pending suspension, debarment or other enforcement action against an owner or affiliate, and the grounds for the pending action are included in §401.403(b)(2)(ii). (c) Exception for sale. This section does not apply if a sale or transfer of the property is proposed in accordance with §401.480.
Title 24: Housing and Urban Development
PART 401—MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET)
Subpart A—General Provisions; Eligibility
§ 401.101 Which owners are ineligible to request Restructuring Plans?
