Regulations last checked for updates: Oct 17, 2024

Title 24 - Housing and Urban Development last revised: Sep 16, 2024
All TitlesTitle 24Chapter VIIIPart 886Subpart A - Subpart A—Additional Assistance Program for Projects With HUD-Insured and HUD-Held Mortgages
View all text of Subpart A [§ 886.101 - § 886.140]
§ 886.111 - Term of contract.

A Contract may be for an initial term of not more than 5 years, renewable for successive 5 year terms by agreement between HUD and the Owner: Provided, That the total Contract term, including renewals, shall not exceed 15 years.

authority: 42 U.S.C. 1437a,1437c,1437f,3535,and
cite as: 24 CFR 886.111
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