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 (1) are in Communities of Opportunity and (2) are not units in Baltimore City that the Local Parties wish to retain) for use with ▇▇▇▇▇▇▇▇ project-based vouchers or homeownership subsidies (contemplated by Section 8 of Attachment A to the Amended MTW Agreement) to develop homeownership units or project-based rental units in accordance with applicable laws and HUD regulations and procedures. Nothing in this Section VII.B shall abrogate any pre-existing agreement between HUD and St. ▇▇▇▇▇▇▇ Housing Aid Center relating to Baltimore City.