24 C.F.R. § 401.301   Partnership arrangements.


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 401—MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET)
Subpart B—Participating Administrative Entity (PAE) and Portfolio Restructuring Agreement (PRA)

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§ 401.301   Partnership arrangements.

If the PAE is in a partnership, the PRA must specify the following:

(a) The responsibilities of each partner regarding the Restructuring Plan;

(b) The resources each partner will provide to accomplish its designated responsibilities; and

(c) All compensation to each partner, whether direct or indirect.

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