Sales contract. The recipient and each family purchasing a home con- structed or substantially rehabilitated under the program must execute a sales contract. The sales contract shall contain appropriate terms and condi- tions covering the purchase of the home and must contain: (1) The downpayment provisions de- scribed in paragraph (b) of this section; (2) The repayment provisions de- scribed in § 280.55 of this part. (3) Such other terms and conditions as HUD may require.
Appears in 5 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
