HAR §15-316-26. Option to purchase

(a) Units shall be sold subject to the corporation's homeownership program, as specified in section 201H-181, HRS, and the rent-to-own program agreement. (b) If applicable, prior to identification of the site or the start of marketing, an affirmative fair housing marketing plan shall be filed with the United States Department of Housing and Urban Development, and marketing of the units shall not commence until approval of the plan is received from the department. Such approval may be necessary to ensure receipt of Federal Housing Administration mortgage insurance, if applicable. (c) The corporation shall have the right to re­establish the sales price of the unit upon expiration of the option period or upon resale of the unit. [Eff ] (Auth: HRS §§201H-4, 201H-181)(Imp: HRS §201H-181)