[Code of Federal Regulations] [Title 24, Volume 4] [Revised as of April 1, 2007] From the U.S. Government Printing Office via GPO Access [CITE: 24CFR941.101] [Page 367-368] TITLE 24--HOUSING AND URBAN DEVELOPMENT CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, PART 941_PUBLIC HOUSING DEVELOPMENT--Table of Contents Subpart A_General Sec. 941.101 Purpose and scope. (a) Purpose. The U.S. Housing Act of 1937 (Act), 42 U.S.C. 1437, authorizes HUD to assist public housing agencies (PHAs) with the development and operation of low-income housing projects and financial assistance in the form of grants (42 U.S.C. 1437c, 1437g, and 1437l). [[Page 368]] The purpose of the program is to develop units which serve the needs of public housing residents over the long term and have the lowest possible life cycle costs, taking into account future operating and replacement costs, as well as original capital investments. (b) Scope. This part is the regulation under which a PHA develops low-income housing (excluding Indian housing), herein called public housing. (c) Approved information collections. The following sections of this part have been approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act of 1995 (42 U.S.C. 3501- 3520) and assigned the OMB approval numbers indicated: ------------------------------------------------------------------------ Approval No. Sections ------------------------------------------------------------------------ 2577-0033 941.207, 941.301, 941.303, 941.304, 941.606, 941.610. 2577-0036 941.205, 941.404. 2577-0039 941.402. ------------------------------------------------------------------------ [61 FR 38016, July 22, 1996, as amended at 64 FR 13511, Mar. 19, 1999] Effective Date Note: At 61 FR 38016, July 22, 1996, Sec. 941.101 was revised. This section contains information collection and recordkeeping requirements and will not become effective until approval has been given by the Office of Management and Budget.