Common use of FHA Dispositions Clause in Contracts

FHA Dispositions. For a period of seven years after the Execution Date of this Agreement, and to the extent it accords with all applicable laws, rules, regulations, and procedures, each time HUD assumes ownership of FHA single- family and/or multi-family property disposition unit(s) located within the Baltimore Region, HUD shall make such unit(s) available to the Local Parties (which shall then make them available to the Regional Administrator if such units