[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: 24CFR972.221]



[Page 562-563]

 

                 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 B_Voluntary Conversion of Public Housing Developments

 

Sec.  972.221  Timing of submission of conversion assessments to HUD.



    (a) Submission with PHA Plan. A PHA that wishes to convert a public 

housing development to tenant-based assistance must submit a conversion 

assessment to HUD with its next PHA Annual Plan.

    (b) Updated conversion assessment. Where a PHA proposes to convert a 

development to tenant-based assistance, it must submit an updated 

conversion assessment if the conversion assessment otherwise would be 

more than one year older than the conversion plan to be submitted to 

HUD. To update a conversion assessment, a PHA



[[Page 563]]



must ensure that the analysis of rental market conditions is based on 

the most recently available data, and must include any data that have 

changed since the initial conversion assessment. A PHA may submit the 

initial cost analysis and comparison of the market value of the public 

housing before and after rehabilitation and/or conversion if there is no 

reason to believe that such information has changed significantly.