[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: 24CFR983.6]



[Page 656-657]

 

                 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.  983.6  Maximum amount of PBV assistance.



    (a) The PHA may select owner proposals to provide project-based 

assistance for up to 20 percent of the amount of budget authority 

allocated to the PHA by HUD in the PHA voucher program. PHAs are not 

required to reduce



[[Page 657]]



the number of PBV units selected under an Agreement or HAP contract if 

the amount of budget authority is subsequently reduced.

    (b) All PBC and project-based voucher units for which the PHA has 

issued a notice of proposal selection or which are under an Agreement or 

HAP contract for PBC or project-based voucher assistance count against 

the 20 percent maximum.

    (c) The PHA is responsible for determining the amount of budget 

authority that is available for project-based vouchers and for ensuring 

that the amount of assistance that is attached to units is within the 

amounts available under the ACC.