§ 982.629. Homeownership option: Additional PHA requirements for family search and purchase.
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/us/cfr/t24/s§ 982.629·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The PHA may establish the maximum time for a family to locate a home, and to purchase the home.
(b)The PHA may require periodic family reports on the family's progress in finding and purchasing a home.
(c)If the family is unable to purchase a home within the maximum time established by the PHA, the PHA may issue the family a voucher to lease a unit or place the family's name on the waiting list for a voucher.