[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: 24CFR891.150]



[Page 183]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

 

PART 891_SUPPORTIVE HOUSING FOR THE ELDERLY AND PERSONS WITH DISABILITIES

--Table of Contents

 

                 Subpart A_General Program Requirements

 

Sec.  891.150  Operating cost standards.



    HUD shall establish operating cost standards based on the average 

annual operating cost of comparable housing for the elderly or for 

persons with disabilities in each field office, and shall adjust the 

standard annually based on appropriate indices of increases in housing 

costs such as the Consumer Price Index. The operating cost standards 

shall be developed based on the number of units. However, under the 

Section 811 Program and for projects funded under Sec. Sec.  891.655 

through 891.790, the operating cost standard for group homes shall be 

based on the number of residents. HUD may adjust the operating cost 

standard applicable to an approved project to reflect such factors as 

differences in costs based on location within the field office 

jurisdiction. The operating cost standard will be used to determine the 

amount of the project assistance initially reserved for a project.