Housing keeps its status when an heir takes it on
What the document says“``(A) the housing is the principal residence of an heir or beneficiary of the deceased owner, as defined by the Secretary; and ``(B) the heir or beneficiary, in accordance with terms established by the Secretary, assumes the duties and obligations of the deceased owner with respect to funds provided under this title.''.”
The section provides that housing that qualified before an owner's death keeps its status as affordable housing where it is the principal residence of an heir or beneficiary and that person takes on the deceased owner's duties and obligations for the funds provided under the title.
What the document actually says“``(A) the housing is the principal residence of an heir or beneficiary of the deceased owner, as defined by the Secretary; and ``(B) the heir or beneficiary, in accordance with terms established by the Secretary, assumes the duties and obligations of the deceased owner with respect to funds provided under this title.''.”
The home must be where the heir mainly lives. The heir must also take on what the dead owner owed under the program.
A home in the program carries duties with it. Those do not end when the owner dies. An heir who takes them on keeps the home in the program.
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