[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: 24CFR891.500]



[Page 196]

 

                 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 E_Loans for Housing for the Elderly and Persons with 

                              Disabilities

 

Sec.  891.500  Purpose and policy.





    (a) Purpose. The program under subpart E of this part provides 

direct Federal loans under section 202 of the Housing Act of 1959 (42 

U.S.C. 1701q) for housing projects serving elderly or handicapped 

families and individuals. The housing projects shall provide the 

necessary services for the occupants which may include, but are not 

limited to: Health, continuing education, welfare, informational, 

recreational, homemaking, meal and nutritional services, counseling, and 

referral services, as well as transportation where necessary to 

facilitate access to these services.

    (b) General policy. A loan made under subpart E of this part shall 

be used to finance the construction or the substantial rehabilitation of 

projects for elderly or handicapped families, or for the acquisition 

with or without moderate rehabilitation of existing housing and related 

facilities for group homes for nonelderly handicapped individuals.

    (c) Applicability. Subpart E of this part applies to all fund 

reservations made before October 1, 1990, except for loans not initially 

closed that were converted to capital advances. Specifically, Sec.  

891.520 through 891.650 of subpart E apply to projects for elderly or 

handicapped families that received reservations under section 202 of the 

Housing Act of 1959 (12 U.S.C. 1701q) and housing assistance under 

section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437 et 

seq). Sections 891.655 through 891.790 of subpart E apply to projects 

for nonelderly handicapped families receiving reservations under section 

202 and project assistance payments under section 202(h) of the Housing 

Act of 1959.