[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: 24CFR968.422]



[Page 528]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 968_PUBLIC HOUSING MODERNIZATION--Table of Contents

 

                   Subpart D_Vacancy Reduction Program

 

Sec.  968.422  Progress reports and completion schedule.



    (a) Reports required. Until completion of the activities funded 

under the vacancy reduction program, the grantee shall submit to HUD, in 

a form and at a time prescribed by HUD, the following:

    (1) A report on modernization fund expenditures;

    (2) A narrative report that includes an accounting of the grantee's 

progress against the milestones established in its vacancy reduction 

plan. The report shall include the number of both funded and regular 

turn-over units that have been made ready for occupancy; and

    (3) Any additional information as HUD may require.

    (b) Completion schedule. HUD expects that most work items funded 

under this program will be completed within one year. Work items must be 

completed within two years from the date of funding, or by some other 

time as may be specified in the Notice of Funding Availability, unless 

prior approval is obtained from HUD.



(Approved by the Office of Management and Budget under control number 

2577-0181)