Property management and disposition.

CFR · 2024-01-01 · US · Title 7

(a) (b) (c) (2) (3) (4) (5) (d) (2) RHS shall follow the standards and procedures in 42 U.S.C. 11408a for the sale or lease of an REO property to a public agency or nonprofit organization. The terms of the sale and lease, and the entity seeking to purchase or lease the REO property, must meet the requirements in 42 U.S.C. 11408a. (3) REO property may be sold under special provisions to nonprofit organizations or public bodies for the purpose of providing affordable housing to very low- and low-income families.

official document · source cfr-2024 · id 7:§ 3550.251