24 CFR 904.108 - Break-even amount.

§ 904.108 Break-even amount.
(a) Definition. The term “break-even amount” as used herein means the minimum average monthly amount required to provide funds for the items listed in the illustration below. A separate break-even amount shall be established for each size and type of dwelling unit, as well as for the Project as a whole. The break-even amount for EHPA and NRMR will vary by size and type of dwelling unit; similar variations as to other line items may be made if the LHA deems this equitable.
Illustration.
The following is an illustration of the computation of the break-even amount based upon hypothetical amounts.
(1) Operating Expense (see § 904.109):
Administration $8.50
Homebuyer services 2.00
Project supplied utilities 3.00
Routine maintenance—common property 3.00
Protective services 2.00
General expense 6.50
Nonroutine maintenance—common property (Contribution to operating reserve) 2.00 $27.00
(2) Earned Home Payments Account (see § 904.110) 12.00
(3) Nonroutine Maintenance Reserve (see § 904.111) 7.50
Break-Even Amount 46.50
The break-even amount does not include the monthly allowance for utilities which the homebuyer pays for directly, nor does it include any amount for debt service on the Project notes.
(b) Excess over break-even. When the homebuyer's required monthly payment (see § 904.107(j)) exceeds the applicable break-even amount, the excess shall constitute additional Project income and shall be deposited and used in the same manner as other Project income.
(c) Deficit in monthly payment. When the homebuyer's required monthly payment is less than the applicable break-even amount, the deficit shall be applied as a reduction of that portion of the monthly payment designated for operating expense (i. e., as a reduction of Project income). In all such cases, the EHPA and the NRMR shall be credited with the amount included in the break-even amount for these accounts.

Title 24 published on 2014-04-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

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United States Code
U.S. Code: Title 42 - THE PUBLIC HEALTH AND WELFARE

§ 1437 - Declaration of policy and public housing agency organization

§ 1437a - Rental payments

42 U.S. Code § 1427 to 1431 - Omitted

§ 1437b - Loans and commitments to make loans for low-income housing projects

§ 1437c - Contributions for low-income housing projects

42 U.S. Code § 1427 to 1431 - Omitted

§ 1437d - Contract provisions and requirements; loans and annual contributions

§ 1437e - Designated housing for elderly and disabled families

§ 1437f - Low-income housing assistance

§ 1437g - Public housing Capital and Operating Funds

§ 1437h - Implementation of provisions by Secretary

§ 1437i - Obligations of public housing agencies; contestability; full faith and credit of United States pledged as security; tax exemption

§ 1437j - Labor standards and community service requirement

42 U.S. Code § 1427 to 1431 - Omitted

§ 1437k - Consortia, joint ventures, affiliates, and subsidiaries of public housing agencies

42 U.S. Code § -

§ 1437m - Payment of non-Federal share

§ 1437n - Eligibility for assisted housing

42 U.S. Code § -

§ 1437p - Demolition and disposition of public housing

§ 1437q - Financing limitations

§ 1437r - Public housing resident management

§ 1437s - Public housing homeownership and management opportunities

§ 1437t - Authority to convert public housing to vouchers

§ 1437u - Family Self-Sufficiency program

§ 1437v - Demolition, site revitalization, replacement housing, and tenant-based assistance grants for projects

§ 1437w - Transfer of management of certain housing to independent manager at request of residents

§ 1437x - Environmental reviews

§ 1437y - Provision of information to law enforcement and other agencies

§ 1437z - Exchange of information with law enforcement agencies

42 U.S. Code § 1427 to 1431 - Omitted

42 U.S. Code § 1427 to 1431 - Omitted

42 U.S. Code § 1427 to 1431 - Omitted

42 U.S. Code § 1427 to 1431 - Omitted

42 U.S. Code § 1427 to 1431 - Omitted

42 U.S. Code § 1427 to 1431 - Omitted

42 U.S. Code § 1427 to 1431 - Omitted

42 U.S. Code § 1427 to 1431 - Omitted

§ 1437ee - Repealed.

§ 3535 - Administrative provisions