Prohibited financial interests.

CFR · 2024-01-01 · US · Title 5

(a) (1) Federal Housing Administration (FHA) debentures or certificates of claim; (2) A financial interest in a project, including any single family dwelling or unit, which is subsidized by the Department, except to the extent such subsidy represents assistance on the employee's principal residence. The definition of “financial interest” is found at 5 CFR 2635.403(c); (3)(i) Any Department subsidy provided pursuant to Section 8 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437f), to or on behalf of a tenant of property owned by the employee or the employee's spouse or minor child. However, such subsidy is permitted when: (A) The employee, or the employee's spouse or minor child acquires, without specific intent as through inheritance, a property in which a tenant receiving such a subsidy already resides; (B) The tenant receiving such a subsidy lived in the rental property before the employee worked for the Department; (C) The tenant receiving such a subsidy is a parent, child, grandchild, or sibling of the employee; (D) The employee's, or the employee's spouse or minor child's, rental property has an incumbent tenant who has not previously received such a subsidy and becomes the beneficiary thereof; or (E) The location of the rental property is in a Presidentially declared emergency or natural disaster area and the employee receives prior written approval from an agency designee. (ii) The exception provided by paragraph (a)(3)(i) of this section continues o

official document · source cfr-2024 · id 5:§ 7501.104