24 CFR 888.420
§ 888.420 One-time Contract Rent determination.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 888.420, § 888.420 One-time Contract Rent determination, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/101463
- Permanent ID
ys:prov:101463@1- SHA-256
49dc06107c28904a557c55c82359b7271b79b3022098729fee2be9d7018e81c4
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Determining the amount of the new Contract Rent. Project owners eligible for retroactive payments, as described in § 888.401(c), may request a one-time Contract Rent determination, to be effective as described in paragraph (c) of this section. The request for a one-time rent determination must be made when submitting a request for retroactive payments, as described in § 888.415. If no claim for retroactive payments is made, an owner may submit only the request for a one-time rent determination, provided the owner is eligible for retroactive payments. The new Contract Rent under this provision will be the greater of:
(1) The Contract Rent currently approved by the PHA; or
(2) An amount equal to the Contract Rent as adjusted to May 31, 1991 under § 888.405(a).
(b) Currently approved rent. The Contract Rent currently approved by the PHA is the Contract Rent stated in the most recent amendment to the HAP Contract signed by both the PHA and the owner.
(c) Effective date of new Contract Rent. The new Contract Rent, determined under paragraph (a) of this section, will be effective on May 31, 1991.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.