7 CFR 1944.670
§ 1944.670 Project income.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1944.670, § 1944.670 Project income, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28941
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Full text
(a) Project income during the grant period from loans made to homeowners, owners of rental properties, and co-ops is governed by 2 CFR part 200 as adopted by USDA through 2 CFR part 400. All income during the grant period, including amounts recovered by the grantee due to breach of agreements between the grantee and the HPG recipient, must be used under (and in accordance with) the requirements of the HPG program.
(b) Grantees are encouraged to establish a program which reuses income from loans after the grant period for continuing repair and rehabilitation activities, as well as for individual housing replaced.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.