[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: 24CFR983.10]



[Page 657-658]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 983_PROJECT-BASED VOUCHER (PBV) PROGRAM--Table of Contents

 

                            Subpart A_General

 

Sec.  983.10  Project-based certificate (PBC) program.



    (a) What is it? ``PBC program'' means project-based assistance 

attached to units pursuant to an Agreement executed by a PHA and owner 

before January 16, 2001, and in accordance with:

    (1) The regulations for the PBC program at 24 CFR part 983, codified 

as of May 1, 2001 and contained in 24 CFR part 983 revised as of April 

1, 2002; and

    (2) Section 8(d)(2) of the 1937 Act, as in effect before October 21, 

1998 (the date of enactment of Title V of Public Law 105-276, the 

Quality Housing and Work Responsibility Act of 1998, codified at 42 

U.S.C. 1437 et seq.).

    (b) What rules apply? Units under the PBC program are subject to the 

provisions of 24 CFR part 983 codified as of May 1, 2001, except that 24 

CFR 983.151(c) on renewals does not apply. Consistent with the PBC HAP, 

at the sole option of the PHA, HAP contracts may be renewed for terms 

for an aggregate total (including the initial and



[[Page 658]]



any renewal terms) of 15 years, subject to the availability of 

appropriated funds.