24 CFR 983.152 - Nature of development activity.

Regulations last checked for updates: Nov 22, 2024

Title 24 - Housing and Urban Development last revised: Nov 13, 2024

View all text of Subpart D [§ 983.151 - § 983.157]

§ 983.152 - Nature of development activity.

(a) Purpose of development activity. An owner may undertake development activity, as defined at § 983.3, for the purpose of:

(1) Placing a newly constructed or rehabilitated project under a HAP contract; or

(2) For a rehabilitated project that will undergo development activity after HAP contract execution, completing the requirements of the rider in accordance with § 983.157.

(b) Development requirements. Development activity must comply with the requirements of §§ 983.153 through 983.157.

authority: 42 U.S.C. 1437f and 3535(d)

source: 70 FR 59913, Oct. 13, 2005, unless otherwise noted.

cite as: 24 CFR 983.152