[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: 24CFR583.110]

[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. 583.110  Grants for new construction.

    (a) Use. HUD will grant funds to recipients to pay a portion of the 
cost of new construction, including cost-effective energy measures and 
the cost of land associated with that construction, for use in the 
provision of supportive housing. If the grant funds are used for new 
construction, the applicant must demonstrate that the costs associated 
with new construction are substantially less than the costs associated 
with rehabilitation or that there is a lack of available appropriate 
units that could be rehabilitated at a cost less than new construction. 
For purposes of this cost comparison, costs associated with 
rehabilitation or new construction may include the cost of real property 
acquisition.
    (b) Amount. The maximum grant available for new construction is the 
lower of:
    (1) $400,000; or
    (2) The total cost of the new construction, including the cost of 
land associated with that construction, minus the applicant's 
contribution toward the cost of same.