Maximum term of assistance.

Maximum term of assistance. Except in the case of a family that qualifies as an elderly or disabled family (see paragraph (c) of this section), the family members described in paragraph (b) of this section shall not receive homeownership assistance for more than:
(1) Fifteen years, if the initial mortgage incurred to finance purchase of the home has a term of 20 years or longer; or
(2) Ten years, in all other cases.

Source

24 CFR § 982.634


Scoping language

None
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