Turnkey III Program Description

24 C.F.R. Part ..., Subpart B
in effectEffective: 2024-07-01

Contents

appendixAppendixes I-IV to Subpart B of Part 904. Appendixes I-IV to Subpart B of Part 904appendixAppendix III to Subpart B of Part 904. Appendix III to Subpart B of Part 904—Certification of Homebuyer StatusappendixAppendix II to Subpart B of Part 904. Appendix II to Subpart B of Part 904—Homebuyers Ownership Opportunity Agreement (Turnkey III)appendixAppendix I to Subpart B of Part 904. Appendix I to Subpart B of Part 904—Annual Contributions ContractappendixAppendix IV to Subpart B of Part 904. Appendix IV to Subpart B of Part 904—Promissory Note for Payment upon Resale by Homebuyer at Profitsection904.101. Introduction.section904.102. Definitions.section904.103. Development.section904.104. Eligibility and selection of homebuyers.section904.105. Counseling of homebuyers.section904.106. Homebuyers Association (HBA).section904.107. Responsibilities of homebuyer.section904.108. Break-even amount.section904.109. Monthly operating expense.section904.110. Earned Home Payments Account (EHPA)section904.111. Nonroutine Maintenance Reserve (NRMR).section904.112. Operating reserve.section904.113. Achievement of ownership by initial homebuyer.section904.114. Payment upon resale at profit.section904.115. Achievement of ownership by subsequent homebuyers.section904.116. Transfer of title to homebuyer.section904.117. Responsibilities of homebuyer after acquisition of ownership.section904.118. Homeowners association—planned unit development (PUD).section904.119. Homeowners association—condominium.section904.120. Relationship of homeowners association to HBA.section904.121. Use of appendices.section904.122. Statutory preferences.

Starting a business? Corpus forms LLCs in all 50 states and DC.