Common use of Homeownership Activities Clause in Contracts

Homeownership Activities. For homeownership replacement activities under a Revitalization Plan, the Grantee is required to obtain HUD approval of a homeownership proposal (“Homeownership Proposal”). The Homeownership Proposal must serve low-income families consistent with the 80% Area Median Income (AMI) limitations and any other applicable provisions under the 1937 Act. The Homeownership Proposal must conform to either: (1) section 24(d)(1)(J) of the 1937 Act; or (2) section 32 of the 1937 Act (see 24 CFR part 906).

Homeownership Activities. For homeownership replacement activities under a Revitalization Plan, the Grantee is required to obtain HUD approval of a homeownership proposal (“Homeownership Proposal”). The Homeownership Proposal must serve low-income families consistent with the 80% Area Median Income (AMI) limitations and any other applicable provisions under the 1937 Act. The Homeownership Proposal must conform to either: (1) section Section 24(d)(1)(J) of the 1937 Act; or (2) section Section 32 of the 1937 Act (see 24 CFR part 906).

Homeownership Activities. For homeownership replacement activities units developed under a Revitalization Plan, the Grantee is required to obtain HUD approval of a homeownership proposal (“Homeownership Proposal”). The Homeownership Proposal must serve low-income families be consistent with the 80% Area Median Income (AMI) limitations and any other applicable provisions under the 1937 Act. The Homeownership Proposal must conform to either: (1) section Section 24(d)(1)(J) of the 1937 Act; or (2) section Section 32 of the 1937 Act (see 24 CFR part 906)Act.

Homeownership Activities. For homeownership replacement activities under a Revitalization Transformation Plan, the Grantee is required to obtain HUD approval of a homeownership proposal (“Homeownership Proposal”). The Homeownership Proposal must serve low-income families consistent with the 80% Area Median Income (AMI) limitations and any other applicable provisions under the 1937 Act. The Homeownership Proposal must conform to either: (1) section 24(d)(1)(J) of the 1937 Act; or (2) section 32 of the 1937 Act (see 24 CFR part 906).