[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: 24CFR972.139]



[Page 559-560]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 972_CONVERSION OF PUBLIC HOUSING TO TENANT-BASED ASSISTANCE--Table 

of Contents

 

      Subpart A_Required Conversion of Public Housing Developments

 

Sec.  972.139  HUD actions with respect to required conversions.



    (a) HUD will take appropriate steps to ensure that distressed 

developments subject to this subpart are properly identified and 

converted. If a PHA fails to properly identify a development for 

required conversion, or does not submit a conversion plan for a 

development in the PHA Annual Plan following the Annual Plan in which 

the development was identified as subject to required conversion, HUD 

will take the actions described in paragraph (b) of this section, and 

may also take any or all of



[[Page 560]]



the actions described in paragraph (c) of this section.

    (b) If a PHA fails to take the conversion activities described in 

paragraph (a) of this section, HUD will:

    (1) Disqualify the PHA from HUD funding competitions; and

    (2) Direct the PHA to cease additional spending in connection with a 

development that meets, or is likely to meet the statutory criteria, 

except to the extent that failure to expend such amounts would endanger 

health or safety.

    (c) If a PHA fails to take the conversion activities described in 

paragraph (a) of this section, HUD may also take any or all of the 

following actions:

    (1) Identify developments that fall within the statutory criteria 

where the PHA has failed to do so properly;

    (2) Take appropriate actions to ensure the conversion of 

developments where the PHA has failed to adequately develop or implement 

a conversion plan;

    (3) Require the PHA to revise the conversion plan, or prohibit 

conversion, where HUD has determined that the PHA has erroneously 

identified a development as being subject to the requirements of this 

section;

    (4) Authorize or direct the transfer of capital or operating funds 

committed to or on behalf of the development (including comprehensive 

improvement assistance, comprehensive grant or Capital Fund amounts 

attributable to the development's share of funds under the formula, and 

major reconstruction of obsolete projects funds) to tenant-based 

assistance or appropriate site revitalization for the agency; and

    (5) Any other action that HUD determines appropriate and has the 

authority to undertake.