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<CFRGRANULE xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="CFRMergedXML.xsd">
  <FDSYS>
    <CFRTITLE>24</CFRTITLE>
    <CFRTITLETEXT>Housing and Urban Development</CFRTITLETEXT>
    <VOL>4</VOL>
    <DATE>2005-04-01</DATE>
    <ORIGINALDATE>2005-04-01</ORIGINALDATE>
    <COVERONLY>false</COVERONLY>
    <TITLE>Ownership interests that may be conveyed to a purchaser.</TITLE>
    <GRANULENUM>906.25</GRANULENUM>
    <HEADING>Section 906.25</HEADING>
    <ANCESTORS>
      <PARENT HEADING="Title 24" SEQ="3">Housing and Urban Development</PARENT>
      <PARENT HEADING="CHAPTER IX" SEQ="2">OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</PARENT>
      <PARENT HEADING="PART 906" SEQ="1">PUBLIC HOUSING HOMEOWNERSHIP PROGRAMS</PARENT>
      <PARENT HEADING="Subpart D" SEQ="0">Program Administration</PARENT>
    </ANCESTORS>
  </FDSYS>
  <SECTION>
    <SECTNO>§ 906.25</SECTNO>
    <SUBJECT>Ownership interests that may be conveyed to a purchaser.</SUBJECT>
    <P>A homeownership program may provide for sale to the purchasing family of any ownership interest that the PHA considers appropriate under the homeownership program, including but not limited to:</P>
    <P>(a) Ownership in fee simple;</P>
    <P>(b) A condominium interest;</P>
    <P>(c) An interest in a limited dividend cooperative;</P>
    <P>(d) A shared appreciation interest with a PHA providing financing; or</P>
    <P>(e) A leasehold under a bona fide lease-purchase arrangement.</P>
  </SECTION>
</CFRGRANULE>
