[Code of Federal Regulations]
[Title 24, Volume 4]
[Revised as of April 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR990.150]

[Page 709-710]
 
                 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 B_Eligibility for Operating Subsidy; Computation of Eligible 
                               Unit Months
 
Sec. 990.150  Limited vacancies.

    (a) Operating subsidy for a limited number of vacancies. HUD shall 
pay operating subsidy for a limited number of vacant units under an ACC 
if the annualized vacancy rate is less than or equal to:
    (1) Three percent of the PHA's total unit inventory (not to exceed 
100 percent of the unit months under an ACC) for the period July 1, 
2004, to June 30, 2005, and
    (2) Three percent of the total units on a project-by-project basis 
based on

[[Page 710]]

the definition of a project under subpart H of this part, beginning July 
1, 2005.
    (b) Exception for PHAs with 100 or fewer units. Notwithstanding 
paragraph (a) of this section, a PHA with 100 or fewer units will be 
paid operating subsidy for up to five vacant units not to exceed 100 
percent of the unit months under an ACC. For example, a PHA with an 
inventory of 100 units and four vacancies during its fiscal year will be 
eligible for operating subsidy for all 100 units. A PHA with an 
inventory of 50 units with seven vacancies during its fiscal year will 
be eligible for operating subsidy for 48 units.