[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: 24CFR888.204]



[Page 171]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

 

PART 888_SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM_FAIR MARKET 

RENTS AND CONTRACT RENT ANNUAL ADJUSTMENT FACTORS--Table of Contents

 

            Subpart B_Contract Rent Annual Adjustment Factors

 

Sec.  888.204  Revision to the automatic annual adjustment factors.



    If the application of the Annual Adjustment Factors results in rents 

that are substantially lower than rents charged for comparable units not 

receiving assistance under the U.S. Housing Act of 1937, in the area for 

which the factor was published or a portion thereof, and it is shown to 

HUD that the costs of operating comparable rental housing have increased 

at a substantially greater rate than the Adjustment Factors, the HUD 

Field Office will consider establishing separate or revised Automatic 

Annual Adjustment Factors for that particular area. Any request for 

revision of the factors must be accompanied by an identification of the 

area, its boundaries and evidence that the area constitutes the largest 

contiguous area in which substantially the same rent levels prevail. The 

HUD Field Office will publish appropriate notice of the establishment of 

any such revised Automatic Annual Adjustment Factors. These factors will 

remain in effect until superseded by the subsequent publication of 

Automatic Annual Adjustment Factors pursuant to Sec.  888.202.



[44 FR 21769, Apr. 12, 1979]