§ 891.145. Owner deposit (Minimum Capital Investment).
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/us/cfr/t24/s§ 891.145·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As a Minimum Capital Investment, the Owner must deposit in a special escrow account one-half of one percent (0.5%) of the HUD-approved capital advance, not to exceed \$10,000, to assure the Owner's commitment to the housing. Under the Section 202 Program, if an Owner has a National Sponsor or a National Co-Sponsor, the Minimum Capital Investment shall be one-half of one percent (0.5%) of the HUD-approved capital advance, not to exceed \$25,000.
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§ 891.145
Owner deposit (Minimum Capital Investment).
Fed. Reg.×11
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