DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Section 4625

Citation
Section 4625
Parent Document
Cole v. Harris, 187 U.S. App. D.C. 156 (1977)
Effective Date
1977-11-14
Original Source
https://www.courtlistener.com/opinion/7891523/cole-v-harris/ ↗

Other Sections in This Document (158)

Full Text

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That citation provides the explanation for HUD’s “insistence.” 24 C.F.R. § 236.56, “Determination of project feasibility — fair market rentals,” as set out in full below, establishes the rule in its paragraph (a) that HUD shall not make commitments for mortgage insurance for projects where the rents will exceed the rents for similar housing.13 Paragraph (b) of the rule, as noted below, sets out the two necessary conditions for any exceptions to the limit. With its bare citation to § 236.56, the District Court’s opinion does not explain HUD’s “insistence,” but, as the rule itself suggests, it may well have been that HUD had no option but to insist.