Common Contracts
1 similar null contracts
Housing Cooperatives and Mutual Housing AssociationsSeptember 7th, 2011
These two forms of housing are not common to all areas of the United States. To determine whether or not a housing development qualifies for section 104(d) downpayment assistance under 24 CFR 42.350(e)(2), a displacing agency would need to review the “Subscription Agreement” which is the document used to sell a membership in a cooperative, or the “Membership Application” for the Mutual Housing Association, and determine whether the interest which is purchased qualifies as an interest in a housing cooperative or mutual housing association under state or local law. The definitions1 below are only intended to provide a general description of these forms of housing, and are not intended to supersede definitions provided under State or local law.
