24 CFR 905.700

§ 905.700 Other security interests.

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

Cite this

Citation: 24 CFR 905.700, § 905.700 Other security interests, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/101762
Permanent ID: ys:prov:101762@1
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Full text

(a) The PHA may not pledge, mortgage, enter into a transaction that provides recourse to public housing assets, or otherwise grant a security interest in any public housing project, portion thereof, or other property of the PHA without the written approval of HUD. (b) The PHA shall submit the request in the form and manner prescribed by HUD. (c) HUD shall consider: (1) The ability of the PHA to complete the financing, the improvements, and repay the financing; (2) The reasonableness of the provisions in the proposal; or (3) Any other factors HUD deems appropriate.

Legislative history

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