[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: 24CFR983.55]



[Page 660]

 

                 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 B_Selection of PBV Owner Proposals

 

Sec.  983.55  Prohibition of excess public assistance.



    (a) Subsidy layering requirements. The PHA may provide PBV 

assistance only in accordance with HUD subsidy layering regulations (24 

CFR 4.13) and other requirements. The subsidy layering review is 

intended to prevent excessive public assistance for the housing by 

combining (layering) housing assistance payment subsidy under the PBV 

program with other governmental housing assistance from federal, state, 

or local agencies, including assistance such as tax concessions or tax 

credits.

    (b) When subsidy layering review is conducted. The PHA may not enter 

an Agreement or HAP contract until HUD or an independent entity approved 

by HUD has conducted any required subsidy layering review and determined 

that the PBV assistance is in accordance with HUD subsidy layering 

requirements.

    (c) Owner certification. The HAP contract must contain the owner's 

certification that the project has not received and will not receive 

(before or during the term of the HAP contract) any public assistance 

for acquisition, development, or operation of the housing other than 

assistance disclosed in the subsidy layering review in accordance with 

HUD requirements.