Agreements.

CFR · 2024-01-01 · US · Title 12

(a) (1) (2) (3) (ii) (4) (ii) (B) (5) (ii) (6) (ii) (7) (i) (ii) (A) The unit was assisted with a permanent mortgage loan funded by an AHP subsidized advance; (B) The subsequent purchaser, transferee, or assignee is a low- or moderate-income household, as determined by (C) The amount of the AHP subsidy that would be required to be repaid in accordance with the calculation in paragraph (a)(7)(v) of this section is $2,500 or less; or (D) Following a refinancing, the unit continues to be subject to a deed restriction or other legally enforceable retention agreement or mechanism described in this paragraph (a)(7); (iii) (A) To the Bank. If the Bank has not authorized re-use of the repaid AHP subsidy or has authorized re-use of the repaid subsidy but not retention of such repaid subsidy by the member or project sponsor pursuant to § 1291.64(b) of this part, or has authorized retention and re-use of such repaid subsidy by the member or project sponsor pursuant to such section and the repaid subsidy is not re-used in accordance with the requirements of the Bank and such section; or (B) To the member or project sponsor. To the member or project sponsor for re-use by such member or project sponsor, if the Bank has authorized retention and re-use of such subsidy by the member or project sponsor pursuant to § 1291.64(b); (iv) (v) (A) The AHP subsidy, reduced on a pro rata basis per month until the unit is sold, transferred, or its title or deed transferred, or is refinanced, during the

official document · source cfr-2024 · id 12:§ 1291.15