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Code · CFR · Title 24 — Housing and Urban Development · Part 290 — Disposition of Multifamily Projects and Sale of HUD-Held Multifamily Mortgages · § 290.30

§ 290.30. General.

95 words·~1 min read·/us/cfr/t24/s§ 290.30·

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(a)Except as otherwise provided in § 290.31(a)(2), HUD will sell HUD-held multifamily mortgages on a competitive basis. HUD retains full discretion to offer any qualifying mortgage for sale and to withhold or withdraw any offered mortgage from sale. However, when a qualifying mortgage is offered for sale, the procedures set out in this subpart will govern the sale.
(b)References in subpart B of this part to mortgages securing subsidized projects include HUD-held purchase money mortgages on subsidized projects. \[61 FR 11685, Mar. 21, 1996, as amended at 61 FR 32265, June 21, 1996\]
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§ 290.30
General.
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