[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR583.105]

[Page 249]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 583_SUPPORTIVE HOUSING PROGRAM--Table of Contents
 
                      Subpart B_Assistance Provided
 
Sec. 583.105  Grants for acquisition and rehabilitation.

    (a) Use. HUD will grant funds to recipients to:
    (1) Pay a portion of the cost of the acquisition of real property 
selected by the recipients for use in the provision of supportive 
housing or supportive services, including the repayment of any 
outstanding debt on a loan made to purchase property that has not been 
used previously as supportive housing or for supportive services;
    (2) Pay a portion of the cost of rehabilitation of structures, 
including cost-effective energy measures, selected by the recipients to 
provide supportive housing or supportive services; or
    (3) Pay a portion of the cost of acquisition and rehabilitation of 
structures, as described in paragraphs (a)(1) and (2) of this section.
    (b) Amount. The maximum grant available for acquisition, 
rehabilitation, or acquisition and rehabilitation is the lower of:
    (1) $200,000; or
    (2) The total cost of the acquisition, rehabilitation, or 
acquisition and rehabilitation minus the applicant's contribution toward 
the cost.
    (c) Increased amounts. In areas determined by HUD to have high 
acquisition and rehabilitation costs, grants of more than $200,000, but 
not more than $400,000, may be available.