24 CFR 880.505 - Contract administration and conversions.
§ 880.505
Contract administration and conversions.
(a) Contract administration.
For private-owner/PHA projects, the PHA is primarily responsible for administration of the Contract, subject to review and audit by HUD. For private-owner/HUD and PHA-owner/HUD projects, HUD is responsible for administration of the Contract. The PHA or HUD may contract with another entity for the performance of some or all of its contract administration functions.
(b) PHA fee for Contract administration.
A PHA will be entitled to a reasonable fee, determined by HUD, for administering a Contract except under certain circumstances (see 24 CFR part 883) where a state housing finance agency is the PHA and finances the project.
Title 24 published on 2012-04-01
no entries appear in the Federal Register after this date.
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