Minimum Participation. Except as provided in paragraph (a) or (b) of this section, the recipient may not begin the construction or substan- tial rehabilitation of homes until 25 percent of the homes to be constructed or substantially rehabilitated under the program are contracted for sale to purchasers who intend to live in the homes and the downpayments required under § 280.45(b) have been made.
Appears in 5 contracts
Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov
