[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

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

[CITE: 24CFR850.1]



[Page 43-44]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

  CHAPTER VIII--OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL 

 

PART 850_HOUSING DEVELOPMENT GRANTS--Table of Contents

 

                      Subpart A_General Provisions

 

Sec.  850.1  Applicability and savings clause.









                      Subpart A_General Provisions



Sec.

850.1 Applicability and savings clause.



Subparts B-E [Reserved]



                      Subpart F_Project Management



850.151 Project restrictions.

850.153 Rent control.

850.155 Securing owner's responsibilities.



    Authority: 42 U.S.C. 1437o, 3535(d).



    Source: 49 FR 24641, June 14, 1984, unless otherwise noted.







    (a) Applicability. This part implements the Housing Development 

Grant Program contained in section 17 of the United States Housing Act 

of 1937 (42 U.S.C. 1437o). The Program authorized the Secretary to make 

housing development grants to support the new construction or 

substantial rehabilitation of real property to be used primarily for 

residential rental purposes. Section 289(b)(1) of the Cranston-Gonzalez 

National Affordable Housing Act (42 U.S.C. 12839) repealed section 17 

effective October 1, 1991. Section 289(a) prohibited new grants under 

the Housing Development Grant Program except for projects for which 

binding commitments had been entered into prior to October 1, 1991.

    (b) Savings clause. Any grant made pursuant to a binding commitment 

entered into before October 1, 1991 will continue to be governed by 

subparts A



[[Page 44]]



through E of this part in effect immediately before April 1, 1996, and 

by subpart F of this part as currently in effect.



[61 FR 7944, Feb. 29, 1996]



Subparts B-E [Reserved]