Code of Federal Regulations · Section
§ 891.145 — Owner Deposit (minimum Capital Investment)
24 C.F.R. § 891.145
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As a Minimum Capital Investment, the Owner must deposit in a special escrow account one-half of one percent (0.5%) of the HUD-approved capital advance, not to exceed $10,000, to assure the Owner's commitment to the housing. Under the Section 202 Program, if an Owner has a National Sponsor or a National Co-Sponsor, the Minimum Capital Investment shall be one-half of one percent (0.5%) of the HUD-approved capital advance, not to exceed $25,000.
Authorizing Statute
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Low-income housing assistance42 U.S.C. § 1437f
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Supportive housing for the elderly12 U.S.C. § 1701q