[Code of Federal Regulations]
[Title 24, Volume 4]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR972.200]

[Page 554-555]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 
               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 972--CONVERSION OF PUBLIC HOUSING TO TENANT-BASED ASSISTANCE--Table of Contents
 
     Subpart B--Voluntary Conversion of Public Housing Developments
 
Sec. 972.200  Required initial assessments.


    (a) General. A PHA must conduct a required initial assessment, in 
accordance with this section, once for each of its developments, unless:
    (1) The development is subject to required conversion under 24 CFR 
part 971;
    (2) The development is the subject of an application for demolition 
or disposition that has not been disapproved by HUD;
    (3) A HOPE VI revitalization grant has been awarded for the 
development; or
    (4) The development is designated for occupancy by the elderly and/
or persons with disabilities (i.e., is not a general occupancy 
development).
    (b) Certification procedure. For each development, the PHA shall 
certify that it has:
    (1) Reviewed the development's operation as public housing;
    (2) Considered the implications of converting the public housing to 
tenant-based assistance; and
    (3) Concluded that conversion of the development may be:
    (i) Appropriate because removal of the development would meet the 
necessary conditions for voluntary conversion described in paragraph (c) 
of this section; or
    (ii) Inappropriate because removal of the development would not meet 
the necessary conditions for voluntary conversion described in paragraph 
(c) of this section.
    (c) Necessary conditions for voluntary conversion. Conversion of a 
public housing development may be appropriate if the PHA concludes that 
conversion will:
    (1) Not be more expensive than continuing to operate the development 
(or portion of it) as public housing;
    (2) Principally benefit the residents of the public housing 
development to be converted and the community; and
    (3) Not adversely affect the availability of affordable housing in 
the community.
    (d) Documentation. A PHA must maintain documentation of the 
reasoning with respect to each required initial assessment.
    (e) Timing of submission. Consistent with statutory submission 
requirements, the results of each required initial assessment 
(consisting of the certification described in paragraph (b) of this 
section) must be submitted to

[[Page 555]]

HUD as part of the next PHA Annual Plan after its completion.