24 CFR 891.809

§ 891.809 Limitations on capital advance funds.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 891.809, § 891.809 Limitations on capital advance funds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/101576
Permanent ID: ys:prov:101576@1
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Full text

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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.