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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) Limits on income of tenants. The housing units subject to a guaranteed loan must be available for occupancy only by low or moderate-income families or individuals whose incomes at the time of initial occupancy do not exceed 115 percent of the area median income. After initial occupancy, a tenant's income may exceed these limits.
(b) Citizenship status. A tenant must be a United States citizen or a noncitizen who is a qualified alien as defined in § 3565.3.
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.3565.202 Tenant eligibility - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-3565-202/
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