[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: 24CFR983.10]

[Page 655]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 
 
PART 983_PROJECT-BASED VOUCHER (PBV) PROGRAM--Table of Contents
 
                            Subpart A_General
 
Sec.  983.10  Project-based certificate (PBC) program.

    (a) What is it? ``PBC program'' means project-based assistance 
attached to units pursuant to an Agreement executed by a PHA and owner 
before January 16, 2001, and in accordance with:
    (1) The regulations for the PBC program at 24 CFR part 983, codified 
as of May 1, 2001 and contained in 24 CFR part 983 revised as of April 
1, 2002; and
    (2) Section 8(d)(2) of the 1937 Act, as in effect before October 21, 
1998 (the date of enactment of Title V of Public Law 105-276, the 
Quality Housing and Work Responsibility Act of 1998, codified at 42 
U.S.C. 1437 et seq.).
    (b) What rules apply? Units under the PBC program are subject to the 
provisions of 24 CFR part 983 codified as of May 1, 2001, except that 24 
CFR 983.151(c) on renewals does not apply. Consistent with the PBC HAP, 
at the sole option of the PHA, HAP contracts may be renewed for terms 
for an aggregate total (including the initial and any renewal terms) of 
15 years, subject to the availability of appropriated funds.