[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: 24CFR990.260]



[Page 723]

 

                 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 H_Asset Management

 

Sec.  990.260  Applicability.



    (a) PHAs that own and operate 250 or more dwelling rental units 

under title I of the 1937 Act, including units managed by a third-party 

entity (for example, a resident management corporation) but excluding 

section 8 units, are required to operate using an asset management model 

consistent with this subpart.

    (b) PHAs that own and operate fewer than 250 dwelling rental units 

may treat their entire portfolio as a single project. However, if a PHA 

selects this option, it will not receive the add-on for the asset 

management fee described in Sec.  990.190(f).