24 CFR 891.165

§ 891.165 Duration of capital advance.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 891.165, § 891.165 Duration of capital advance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/101479
Permanent ID: ys:prov:101479@1
SHA-256: 5c723474f09efb2191c65eabf605b79224c3cc9c7f0e4f009b0a7b5db6d6dfd2

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) The duration of the fund reservation for a capital advance with construction advances is 24 months from the date of issuance of the award letter to the date of initial closing. This duration can be up to 36 months, as approved by HUD on a case-by-case basis. (b) The duration of the fund reservation for projects that elect not to receive any capital advance before construction completion is 24 months from the date of issuance of the award letter to the start of construction. This duration can be up to 36 months, as approved by HUD on a case-by-case basis.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.