Turnkey III Program Description

  1. Law
  2. CFR 24
  3. Housing and Urban Development
  4. Regulations Relating to Housing and Urban Development
  5. Office of Assistant Secretary for Public and Indian Housing, Department of Housing and Urban Development
  6. Low Rent Housing Homeownership Opportunities
  7. Turnkey III Program Description

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Section
904.101

Introduction.

Section
904.102

Definitions.

Section
904.103

Development.

Section
904.104

Eligibility and selection of homebuyers.

Section
904.105

Counseling of homebuyers.

Section
904.106

Homebuyers Association (HBA).

Appendix
Appendixes I-IV to Subpart B of Part 904

Appendixes I-IV to Subpart B of Part 904

Appendix
Appendix I to Subpart B of Part 904

Annual Contributions Contract

Appendix
Appendix II to Subpart B of Part 904

Homebuyers Ownership Opportunity Agreement (Turnkey III)

Appendix
Appendix III to Subpart B of Part 904

Certification of Homebuyer Status

Appendix
Appendix IV to Subpart B of Part 904

Promissory Note for Payment upon Resale by Homebuyer at Profit

Section
904.107

Responsibilities of homebuyer.

Section
904.108

Break-even amount.

Section
904.109

Monthly operating expense.

Section
904.110

Earned Home Payments Account (EHPA)

Section
904.111

Nonroutine Maintenance Reserve (NRMR).

Section
904.112

Operating reserve.

Section
904.113

Achievement of ownership by initial homebuyer.

Section
904.114

Payment upon resale at profit.

Section
904.115

Achievement of ownership by subsequent homebuyers.

Section
904.116

Transfer of title to homebuyer.

Section
904.117

Responsibilities of homebuyer after acquisition of ownership.

Section
904.118

Homeowners association - planned unit development (PUD).

Section
904.119

Homeowners association - condominium.

Section
904.120

Relationship of homeowners association to HBA.

Section
904.121

Use of appendices.

Section
904.122

Statutory preferences.