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• The family has not committed any serious or repeated lease violations within the last 3 years. • For elderly or disabled families, welfare assistance payments for adult family members who will own the home will be included in determining whether the family meets the minimum income requirement. It will not be included for other families. • The family must satisfy the employment requirements by demonstrating that one or more adult members of the family who will own the home at commencement of homeownership assistance is currently employed on afull-time basis (the term 'full-time employment' means not less than an average of 30 hours per week); and has been continuously so employed during the year before commencement of homeownership assistance for the family. • The employment requirement does not apply to elderly and disabled families. In addition, if a family, other than an elderly or disabled family includes a person with disabilities, SARA must grant an exemption from the employment requirement if SARA determines that it is needed as a reasonable accommodation. • The family has not defaulted on a mortgage securing debt to purchase a home under the homeownership option • Except for cooperative members who have acquired cooperative membership shares prior to commencement of homeownership assistance, no family member has a present ownership interest in a residence at the commencement of homeownership assistance for the purchase of any home. • Except for cooperative members who have acquired cooperative membership shares prior to the commencement of homeownership assistance, the family has entered a contract of sale in accordance with 24 CFR 982.631(c). 15-VII.C. SELECTION OF FAMILIES [24 CFR 982.626] SARA limits the number of families that may participate in the homeownership option to 1 o per year. If more than 1 o families are determined eligible, a wait list will be established. 15-VII.D. ELIGIBLE UNITS [24 CFR 982.628] In order for a unit to be eligible, SARA must determine that the unit satisfies all of the following requirements: The unit must meet HUD's "eligible housing" requirements. The unit may not be any of the following: - A public housing or Indian housing unit; - A unit receiving Section 8 project-based assistance; - A nursing home, board and care home, or facility providing continual psychiatric, medical or nursing services; - A college or other school dormitory; - On the grounds of penal, reformatory, medical, mental, or similar public or private institutions. 7/02/12 Page 15-13