Common use of Sweat equity Clause in Contracts

Sweat equity. The prevailing wage provisions of paragraph (a) of this section do not apply to members of an eligible family who provide labor in exchange for acquisition of a property for homeownership or provide labor in lieu of, or as a supplement to, rent payments.

Appears in 5 contracts

Sources: Home Affordable Rental Housing Program Regulatory Agreement, Regulatory Agreement, Affordable Rental Housing Program Regulatory Agreement