[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: 24CFR884.123]



[Page 121]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

 

PART 884_SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM, NEW CONSTRUCTION 

SET-ASIDE FOR SECTION 515 RURAL RENTAL HOUSING PROJECTS--Table of Contents

 

            Subpart A_Applicability, Scope and Basic Policies

 

Sec.  884.123  Conversions.



    (a) Conversion of private-owner project to private-owner/PHA 

project. HUD may request the Owner of a Private-Owner Project and an 

appropriate PHA to agree, if they are willing, to a conversion of any 

such project to a Private-Owner/PHA Project if HUD determines that such 

conversion would promote efficient project administration.

    (b) Conversion of private-owner/PHA project to private-owner 

project. The Private Owner and the PHA, in the case of a Private-Owner/

PHA Project, may request HUD to agree to a conversion of any such 

project to a Private-Owner or PHA-Owner Project. HUD shall agree to such 

conversion if it determines it to be in the best interest of the 

project.