24 CFR 401.420
§ 401.420 When must the Restructuring Plan require project-based assistance?
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 401.420, § 401.420 When must the Restructuring Plan require project-based assistance?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100698
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Full text
The Restructuring Plan must provide for the section 8 contract to be renewed as project-based assistance, subject to the availability of funds for this purpose, if:
(a) The PAE determines there is a market-wide vacancy rate of 6 percent or less;
(b) At least 50 percent of the units in the project are occupied by elderly families, disabled families, or elderly and disabled families; or
(c) The project is held by a nonprofit cooperative ownership housing corporation or nonprofit cooperative housing trust.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.