[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: 24CFR960.503]



[Page 443]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 960_ADMISSION TO, AND OCCUPANCY OF, PUBLIC HOUSING--Table of Contents

 

     Subpart E_Occupancy by Over-Income Families or Police Officers

 

Sec.  960.503  Occupancy by over-income families.



    Source: 65 FR 16729, Mar. 29, 2000, unless otherwise noted.





    A PHA that owns or operates fewer than two hundred fifty (250) 

public housing units, may lease a unit in a public housing development 

to an over-income family (a family whose annual income exceeds the limit 

for a low income family at the time of initial occupancy), in accordance 

with its PHA annual plan (or supporting documents), if all the following 

conditions are satisfied:

    (a) There are no eligible low income families on the PHA waiting 

list or applying for public housing assistance when the unit is leased 

to an over-income family;

    (b) The PHA has publicized availability of the unit for rental to 

eligible low income families, including publishing public notice of such 

availability in a newspaper of general circulation in the jurisdiction 

at least thirty days before offering the unit to an over-income family;

    (c) The over-income family rents the unit on a month-to-month basis 

for a rent that is not less than the PHA's cost to operate the unit;

    (d) The lease to the over-income family provides that the family 

agrees to vacate the unit when needed for rental to an eligible family; 

and

    (e) The PHA gives the over-income family at least thirty days notice 

to vacate the unit when the unit is needed for rental to an eligible 

family.