[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: 24CFR583.410]



[Page 265]

 

                 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 E_Administration

 

Sec.  583.410  Obligation and deobligation of funds.



    (a) Obligation of funds. When HUD and the applicant execute a grant 

agreement, funds are obligated to cover the amount of the approved 

assistance under subpart B of this part. The recipient will be expected 

to carry out the supportive housing or supportive services activities as 

proposed in the application.

    (b) Increases. After the initial obligation of funds, HUD will not 

make revisions to increase the amount obligated.

    (c) Deobligation. (1) HUD may deobligate all or parts of grants for 

acquisition, rehabilitation, acquisition and rehabilitation, or new 

construction:

    (i) If the actual total cost of acquisition, rehabilitation, 

acquisition and rehabilitation, or new construction is less than the 

total cost anticipated in the application; or

    (ii) If proposed activities for which funding was approved are not 

begun within three months or residents do not begin to occupy the 

facility within nine months after grant execution.

    (2) HUD may deobligate the amounts for annual leasing costs, 

operating costs or supportive services in any year:

    (i) If the actual leasing costs, operating costs or supportive 

services for that year are less than the total cost anticipated in the 

application; or

    (ii) If the proposed supportive housing operations are not begun 

within three months after the units are available for occupancy.

    (3) The grant agreement may set forth in detail other circumstances 

under which funds may be deobligated, and other sanctions may be 

imposed.

    (4) HUD may:

    (i) Readvertise the availability of funds that have been deobligated 

under this section in a notice of fund availability under Sec.  583.200, 

or

    (ii) Award deobligated funds to applications previously submitted in 

response to the most recently published notice of fund availability, and 

in accordance with subpart C of this part.