24 CFR 891.565 - Term of HAP contract.

Regulations last checked for updates: Oct 17, 2024

Title 24 - Housing and Urban Development last revised: Sep 16, 2024

View all text of Subpart E [§ 891.500 - § 891.790]

§ 891.565 - Term of HAP contract.

The term of the HAP contract for assisted units shall be 20 years. If the project is completed in stages, the term of the HAP contract for assisted units in each stage shall be 20 years. The term of the HAP contract for all assisted units in all stages of a project shall not exceed 22 years.

authority: 12 U.S.C. 1701q; 42 U.S.C. 1437f,3535,and

source: 61 FR 11956, Mar. 22, 1996, unless otherwise noted.

cite as: 24 CFR 891.565