[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: 24CFR583.110]



[Page 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.  583.110  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.