§ 891.809. Limitations on capital advance funds.

99 words·~1 min read·/us/cfr/t24/s§ 891.809·

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Capital advances are not available in connection with:

(a)Acquisition of facilities currently owned and operated by the sponsor as housing for the elderly, except with rehabilitation as defined in 24 CFR 891.105;

(b)The financing or refinancing of federally assisted or insured projects;

(c)Facilities currently owned and operated by the sponsor as housing for persons with disabilities, except with rehabilitation as defined in 24 CFR 891.105; or

(d)Units in Section 202 direct loan projects previously refinanced under the provisions of section 811 of the American Homeownership and Economic Opportunity Act of 2000, 12 U.S.C. 1701q note.

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CFR

Definitions.
§ 891.105

U.S. Code

Supportive housing for the elderly
§ 1701q

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cites case law

§ 891.809

Limitations on capital advance funds.

C.F.R.§ 891.105

U.S.C.§ 1701q

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