Section 17-2036-35 - Continued assistance; family obligations.(a) To be eligible for homeownership assistance, the participant shall occupy the home.(b) The participant shall comply with the following family obligations: (1) Attend and complete ongoing homeownership and housing counseling;(2) Comply with the terms of any mortgage securing debt incurred to purchase or refinance the home;(3) Not convey or transfer the home;(4) Supply any required information that the authority or HUD determines is necessary in the administration of the Program, including information on the following: (i) Any mortgage or other debt incurred to purchase the home, and any refinancing of such debt and information on any satisfaction or payment of the mortgage debt ;(ii) Any sale or other transfer of any interest in the home; or(iii) The family's homeownership expenses;(5) Notify the authority before the participant moves out of the home;(6) Notify the authority if the participant defaults on a mortgage securing any debt incurred to purchase the home;(7) During the time the participant receives homeownership assistance, no family member may have any ownership interest in any other residential property;(8) Not commit drug-related criminal activity or violent criminal activity pursuant to chapter 17-2 036, Hawaii Administrative Rules; and(9) Comply with additional requirements that the authority may establish including: (i) Attending post-purchase homeownership counseling; or(ii) Having periodic inspections of the dwelling unit,(c) Prior to commencement of homeownership assistance, the participant shall execute a statement of family obligations in the form prescribed by HUD. In the statement, the family shall agree to comply with all family obligations as cited in paragraph (b) of this section. Haw. Code R. § 17-2036-35
[Eff 1/20/2019] (Auth: HRS §§ 356D-4, 356D-13) (Imp: HRS § 356D-13; 24 C.F.R. §§ 982.551, 982.553, 982.633 )