24 CFR 290.31 - Sale of current mortgages securing subsidized projects.
HUD will sell current mortgages securing subsidized projects, as follows:
(2) On a negotiated basis, to State or local governments, or to a group of investors that includes an agency of a State or local government if, in addition to meeting the requirements of the Statute, the sales price is the best price that HUD can obtain from an agency of a State or local government while maintaining occupancy for the tenant group originally intended to be served by the subsidized housing program.
Title 24 published on 2014-04-01
no entries appear in the Federal Register after this date.