[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: 24CFR886.310]



[Page 150]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

 

PART 886_SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM_SPECIAL ALLOCATIONS

--Table of Contents

 

 Subpart C_Section 8 Housing Assistance Program for the Disposition of 

                           HUD-Owned Projects

 

Sec.  886.310  Initial contract rents.



    HUD will establish contract rents at levels that, together with 

other resources available to the purchasers, provide sufficient amounts 

for the necessary costs of rehabilitating and operating the multifamily 

housing project and do not exceed 120 percent of the most recently 

published Section 8 Fair Market Rents for Existing Housing (24 CFR part 

888, subpart A).



[60 FR 11859, Mar. 2, 1995]