[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: 24CFR983.153]



[Page 667]

 

                 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 D_Requirements for Rehabilitated and Newly Constructed Units

 

Sec.  983.153  When Agreement is executed.



    (a) Prohibition of excess subsidy. The PHA may not enter the 

Agreement with the owner until the subsidy layering review is completed 

(see Sec.  983.55).

    (b) Environmental approval. The PHA may not enter the Agreement with 

the owner until the environmental review is completed and the PHA has 

received the environmental approval (see Sec.  983.58).

    (c) Prompt execution of Agreement. The Agreement must be executed 

promptly after PHA notice of proposal selection to the selected owner.