HUD Approval. The terms of this Section 4.11 apply only to the Chimneys of Cradlerock Property.
HUD Approval. (1) The family may request HUD approval of a sale, equity withdrawal or other transfer of the property without full repayment. Ap- proval will be granted if HUD deter- mines that an undue hardship will re- xxxx from the application of the repay- ment requirement. Generally, HUD will
HUD Approval. For purposes of this subpart only, any action or ap- proval that is required to be taken or provided by HUD or by the HUD field office, pursuant to a requirement set forth in subparts A through F of this part, shall be construed to mean that HUD Headquarters shall take such ac- tion or provide such approval, unless the field office is authorized in writing by Headquarters to carry out a specific function under this subpart.
HUD Approval. The FCRHA is responsible for seeking concurrence from the U.S. Department of Housing and Urban Development with regard to the relocation of the Existing RAD Units, including the right of return for the current residents of the Existing RAD Units and the transfer of the related project based vouchers (the “HUD Approval”). The FCRHA will keep One University reasonably apprised of the FCRHA’s discussions with HUD regarding efforts to obtain the HUD Approval, will discuss those efforts with One University, and will share related documentation of these discussions with One University. The parties agree that the HUD Approval is anticipated to first include an initial and conceptual approval of the proposal for One University and subsequently to include a more detailed final HUD Approval to allow the disposition of the property. In no event will the Closing occur without prior receipt of the HUD Approval.
HUD Approval. (1) A State Agency, prior to receiving HUD approval of its first New Construction or Substantial Rehabilitation Proposal using contract authority under this part, must submit copies of the documents relating to the method of financing Section 8 projects to HUD for review. These documents shall include bond resolutions or inden- tures, loan agreements, regulatory agreements, notes, mortgages or deeds of trust and other related documents, if any, but does not need to include the ‘‘official statement’’ or copies of the prospectus for individual bond issues. HUD review will be limited to making certain that the documents are not in- consistent with or in violation of these regulations and the administrative pro- cedures used to implement them. After review, HUD must notify the Agency that the documents are acceptable or, if unacceptable, will request clarifica- tion or changes. This review and ap- proval will meet the requirements of 24 CFR 811.107(a).
HUD Approval. (1) The family may request HUD approval of a sale, equity withdrawal or other transfer of the property without full repayment. Ap- proval will be granted if HUD deter- mines that an undue hardship will re- xxxx from the application of the repay- ment requirement. Generally, HUD will make this finding only if the proceeds of the transaction are insufficient to repay the loan amount in full and ap- proval will be granted only to the ex- tent that the proceeds of the trans- action are insufficient to repay the loan in full. HUD will not approve the lease of a home without repayment.
HUD Approval. Notwithstanding anything herein to the contrary, if the FCRHA has not received approval from the U.S. Department of Housing and Urban Development to use proceeds from the sale of the Sale Property for site work costs related to the Affordable Housing Units (the “HUD Approval”) by June 30, 2017 (“HUD Deadline”), then the FCRHA shall have the ability, upon delivery of written notice to CHPPENN by no later than August 1, 2017, to (A) terminate this Agreement, effective as of the date of such notice, or (B) extend the HUD Deadline to a date that shall be no later than September 1, 2017, or with CHPPENN’s consent, not to be unreasonably withheld, conditioned or delayed, to a date that shall be no later than the Closing Date. If the HUD Approval has not been received by any such extended date, this Agreement shall automatically terminate, and thereupon the parties hereto shall have no further rights or obligations hereunder except for those rights and obligations which specifically survive termination hereunder. The FCRHA will keep CHPPENN reasonably apprised of the FCRHA’s discussions with HUD regarding efforts to obtain the HUD Approval, will discuss those efforts with CHPPENN, and will share related documentation of these discussions with CHPPENN.
HUD Approval. Section 7.4(a).................................58 IRS ..............................................................Section 4.8(a).................................31
HUD Approval. Seller is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 and 211 of the National Housing Act, as amended.
