(c) A violation of this section:(1) is a false, misleading, or deceptive act or practice within the meaning of Section 17.46, Business & Commerce Code, and is actionable in a public or private suit brought under Subchapter E, Chapter 17, Business & Commerce Code; and(2) in addition to other rights or remedies provided by law, entitles the purchaser to cancel and rescind the executory contract and receive from the seller:(A) the return of all payments of any kind made to the seller under the contract; and(B) reimbursement for:(i) any payments the purchaser made to a taxing authority for the property; and(ii) the value of any improvements made to the property by the purchaser.

I wonder if planning authorities really have a good handle on the effects of the continued development that we have going on.And every rain storm is a little different. 

Contact Housing Authority to report the situation? 

At the end of the day the bank WILL have the authority to call the loan so watch out. 

The key is an active, full time, live on the premises manager, with heavy experience with these type of tenants, a good relationship with the political municipal authorities, and keeping the place spotlessly clean while attending needed repairs immediately, bit inexpensively.

I would go to the local authority/municipality that would have issued the permit(s) and ask them?

If you read the regulations that you posted:"The name, address, and telephone number of the authorized manager of the rental property and an owner (or an agent of the owner) who is authorized to receive legal notices for the owner"Notice that it refers to the agent of the owner. 

If you adhere to the safe harbor of rev proc 2002-22 there will be some governance and authorization hurdles you'll have to overcome to ensure that majority ownership can refinance. 

If you adhere to the safe harbor of rev proc 2002-22 there will be some governance and authorization hurdles you'll have to overcome to ensure that majority ownership can refinance.

There is an addendum called the HAP agreement that is added to the lease between the housing authority and landlord that you’ll want to make sure to get a copy of and that is what you utilize for the housing terms and rules/regs.