Amount subject to recapture Sample Clauses

Amount subject to recapture. The HTF assistance that is subject to re- capture is based on the amount of HTF assistance that enabled the homebuyer to buy the dwelling unit. This includes any HTF assistance that reduced the purchase price from fair market value to an affordable price, but excludes the amount between the cost of producing the unit and the market value of the property (i.e., the development sub- sidy). The recaptured funds must be used to carry out HTF-eligible activi- ties in accordance with the require- ments of this part. If the HTF assist- ance is only used for the development subsidy and therefore not subject to re- capture, the resale option must be used. § 93.350 Subpart H—Other Federal Requirements
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Amount subject to recapture. The HTF assistance that is subject to re- capture is based on the amount of HTF assistance that enabled the homebuyer to buy the dwelling unit. This includes any HTF assistance that reduced the purchase price from fair market value
Sample 1

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