When does housing qualify as affordable housing under NAHASDA?
24 C.F.R. § 1000.147
in effectEffective: 2024-07-01(a) Housing qualifies as affordable housing, provided that the family occupying the unit is low-income at the following times:
(1) In the case of rental housing, at the time of the family's initial occupancy of such unit;
(2) In the case of a contract to purchase existing housing, at the time of purchase;
(3) In the case of a lease-purchase agreement for existing housing or for housing to be constructed, at the time the agreement is signed; and
(4) In the case of a contract to purchase housing to be constructed, at the time the contract is signed.
(b) Families that are not low-income as described in this section may be eligible under § 1000.104 or § 1000.110.
Source: eCFRURL: https://www.ecfr.gov/api/versioner/v1/full/2024-07-01/title-24.xmlFetched: 7/26/2026