Replacement of management agent (Repealed)

In the event of a change in the management agent for any housing project, no replacement management agent may be retained and no management agreement may be executed without the approval of CHFA. If any housing project financed by a CHFA multifamily mortgage loan is without a management agent approved by CHFA, CHFA may unilaterally appoint a management agent to perform as required by CHFA until such time as the owner of the housing project shall appoint a management agent approved by CHFA.