[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: 24CFR983.55]

[Page 657]
 
                 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 B_Selection of PBV Owner Proposals
 
Sec.  983.55  Prohibition of excess public assistance.

    (a) Subsidy layering requirements. The PHA may provide PBV 
assistance only in accordance with HUD subsidy layering regulations (24 
CFR 4.13) and other requirements. The subsidy layering review is 
intended to prevent excessive public assistance for the housing by 
combining (layering) housing assistance payment subsidy under the PBV 
program with other governmental housing assistance from federal, state, 
or local agencies, including assistance such as tax concessions or tax 
credits.
    (b) When subsidy layering review is conducted. The PHA may not enter 
an Agreement or HAP contract until HUD or an independent entity approved 
by HUD has conducted any required subsidy layering review and determined 
that the PBV assistance is in accordance with HUD subsidy layering 
requirements.
    (c) Owner certification. The HAP contract must contain the owner's 
certification that the project has not received and will not receive 
(before or during the term of the HAP contract) any public assistance 
for acquisition, development, or operation of the housing other than 
assistance disclosed in the subsidy layering review in accordance with 
HUD requirements.