[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: 24CFR969.101]



[Page 529]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 969_PHA-OWNED PROJ- ECTS_CONTINUED OPERATION AS LOW-INCOME HOUSING 

AFTER COMPLETION OF DEBT SERVICE--Table of Contents

 

Sec.  969.101  Purpose.









Sec.

969.101 Purpose.

969.102 Applicability.

969.103 Definitions.

969.104 Continuing eligibility for operating subsidy.

969.105 Extension of ACC upon payment of operating subsidy.

969.106 ACC extension in absence of current operating subsidy.

969.107 HUD approval of demolition or disposition before ACC expiration.



    Authority: United States Housing Act of 1937 (42 U.S.C. 1437, et 

seq.); sec. 7(d), Department of Housing and Urban Development Act (42 

U.S.C. 3535(d)).



    Source: 45 FR 52372, Aug. 7, 1980, unless otherwise noted. 

Redesignated at 49 FR 6714, Feb. 23, 1984.





    This part provides a basis for maintaining the low-income nature of 

a public housing project after the completion of debt service on the 

project, specifying methods for extending the effective period of those 

provisions of the Annual Contributions Contract (ACC) which relate to 

project operation. Such an extension provides a contractual basis for 

the continued operation of the project under the Low-Income Public 

Housing Program, including continued eligibility for Operating Subsidy.