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<br /> Administrative Plan 7/1/2025 <br />. <br />Page 15-22 <br /> Except for cooperative members who have acquired cooperative membership shares prior to <br />commencement of homeownership assistance, no family member has a present ownership <br />interest in a residence at the commencement of homeownership assistance for the purchase of <br />any home. <br /> Except for cooperative members who have acquired cooperative membership shares prior to <br />the commencement of homeownership assistance, the family has entered a contract of sale in <br />accordance with 24 CFR 982.631(c). <br />SAHA Policy <br />SAHA will impose additional eligibility requirements. To be eligible to participate in the <br />homeownership option, families must meet the following criteria: <br />The family has had no family-caused violations of housing quality standards <br />within the past year. <br />The family is not within the initial one-year period of a HAP Contract. <br />The family owes no money to the PHA. <br />The family has not committed any serious or repeated violations of a PHA- <br />assisted lease within the past year. <br />The family must complete classes pertaining to money management and <br />homeownership and provide verification of completion. <br />SAHA may also require additional training or classes that will assist the family in <br />successful homeownership. <br />EXHIBIT 1