[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: 24CFR983.153]

[Page 664]
 
                 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 D_Requirements for Rehabilitated and Newly Constructed Units
 
Sec.  983.153  When Agreement is executed.

    (a) Prohibition of excess subsidy. The PHA may not enter the 
Agreement with the owner until the subsidy layering review is completed 
(see Sec.  983.55).
    (b) Environmental approval. The PHA may not enter the Agreement with 
the owner until the environmental review is completed and the PHA has 
received the environmental approval (see Sec.  983.58).
    (c) Prompt execution of Agreement. The Agreement must be executed 
promptly after PHA notice of proposal selection to the selected owner.