1、7 SUBCHAPTER ASLUM CLEARANCE AND URBAN RENEWAL PARTS 500509 RESERVED PART 510SECTION 312 REHABILITATION LOAN PROGRAM AUTHORITY: 42 U.S.C. 1452b and 3535(d). 510.1 Multi-family property loans. (a) In cases in which a corporation is a borrower on a section 312 loan, the Assistant Secretary for CPD or
2、his des-ignee may require an officer of the cor-poration or a principal stockholder to personally guarantee the section 312 loan or to cosign the loan note as a borrower, where necessary to make the finding of acceptable risk required for assumption of the loan. (b) All partners of any partnership w
3、hich is a borrower on a section 312 loan shall be personally liable for re-payment of the section 312 loan. Lim-ited partners shall assume personal li-ability by co-signing the loan note as a borrower or by personally guaranteeing the loan. (c) Any personal guarantee or en-dorsement shall not reliev
4、e the part-nership or corporate borrower from se-curing the section 312 loan by a mort-gage or deed of trust on the property to be rehabilitated. 44 FR 21751, Apr. 11, 1979, as amended at 44 FR 47513, Aug. 13, 1979; 44 FR 55562, Sept. 27, 1979. Redesignated and amended at 61 FR 7061, Feb. 23, 1996 P
5、ART 511RENTAL REHABILITATON GRANT PROGRAM Subpart AGeneral Sec. 511.1 Applicability and purpose. 511.2 Definitions. 511.3511.5 Reserved Subpart BProgram Requirements 511.10 Grant requirements. 511.11 Project requirements. 511.12 Conflicts of interest. 511.13 Nondiscrimination, equal oppor-tunity, an
6、d affirmative marketing re-quirements. 511.14 Tenant assistance, displacement, re-location, and acquisition. 511.15 Lead-based paint. 511.16 Other Federal requirements. Subpart C Reserved Subpart DAllocation Formula and Reallocations 511.30511.31 Reserved 511.33 Deobligation of rental rehabilitation
7、 grant amounts. 511.34 Reserved Subpart E Reserved Subpart FState Program 511.50 State election to administer a rental rehabilitation program. 511.51 State-administered program. 511.52 Reserved Subpart G Reserved Subpart HGrant Administration 511.70 Responsibility for grant administra-tion. 511.71 A
8、dministrative costs. 511.72 Applicability of uniform Federal ad-ministrative requirements. 511.73 Grantee records. 511.74 Audit. 511.75 Disbursement of rental rehabilitation grant amounts: Cash and Management Information System. 511.76 Program income. 511.77 Grant closeout. Subpart IGrantee Performa
9、nce: Review, Reporting and Corrective or Remedial Actions 511.80 Performance review. 511.81 Grantee reports to HUD. 511.82 Corrective and remedial actions. AUTHORITY: 42 U.S.C. 1437o and 3535(d). SOURCE: 55 FR 20050, May 14, 1990, unless otherwise noted. Subpart AGeneral 511.1 Applicability and purp
10、ose. (a) This part implements the Rental Rehabilitation Program (RRP) con-tained in section 17 of the United States Housing Act of 1937, as amended (the Act). As more fully described in this part, the Act authorizes the Secetary of Housing and Urban Devel-opment to make rental rehabilitation VerDate Nov2008 07:58 Apr 27, 2010 Jkt 220079 PO 00000 Frm 00017 Fmt 8010 Sfmt 8010 Y:SGML220079.XXX 220079WReier-Aviles on DSKGBLS3C1PROD with CFRProvided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-
