[Code of Federal Regulations]

[Title 24, Volume 3]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR583.105]



[Page 252-253]

 

                 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



[[Page 253]]



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.