[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: 24CFR990.150]



[Page 711-712]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 990_THE PUBLIC HOUSING OPERATING FUND PROGRAM--Table of Contents

 

  Subpart B_Eligibility for Operating Subsidy; Computation of Eligible 

                               Unit Months

 

Sec.  990.150  Limited vacancies.



    (a) Operating subsidy for a limited number of vacancies. HUD shall 

pay operating subsidy for a limited number of vacant units under an ACC 

if the annualized vacancy rate is less than or equal to:

    (1) Three percent of the PHA's total unit inventory (not to exceed 

100 percent of the unit months under an ACC) for the period July 1, 

2004, to June 30, 2005, and

    (2) Three percent of the total units on a project-by-project basis 

based on



[[Page 712]]



the definition of a project under subpart H of this part, beginning July 

1, 2005.

    (b) Exception for PHAs with 100 or fewer units. Notwithstanding 

paragraph (a) of this section, a PHA with 100 or fewer units will be 

paid operating subsidy for up to five vacant units not to exceed 100 

percent of the unit months under an ACC. For example, a PHA with an 

inventory of 100 units and four vacancies during its fiscal year will be 

eligible for operating subsidy for all 100 units. A PHA with an 

inventory of 50 units with seven vacancies during its fiscal year will 

be eligible for operating subsidy for 48 units.