24 CFR 401.100 - Which projects are eligible for a Restructuring Plan under this part?
(a)What are the requirements for eligibility? To be eligible for a Restructuring Plan under this part, a project must:
(2) Be covered in whole or in part by a contract for project-based assistance under -
(ii) The property disposition program under section 8(b) of the U.S. Housing Act of 1937;
(vi) The rent supplement program under section 101 of the Housing and Urban Development Act of 1965;
(6) Otherwise meet the definition of “eligible multifamily housing project” in section 512(2) of MAHRA or meet the following three criteria:
(iii) At the time of its initial renewal under section 524, it met the requirements of section 512(2)(A), (B), and (C) of MAHRA.
(b)When is eligibility determined? Eligibility for a Restructuring Plan under paragraph (a) of this section is determined by the status of a project on the earlier of the termination or expiration date of the project-based assistance contract, which includes a contract renewed under section 524 of MAHRA, or the date of the owner's request to HUD for a Restructuring Plan. Eligibility is not affected by a subsequent change in status, such as contract extension under § 401.600 or part 402 of this chapter.
Title 24 published on 05-May-2017 03:17
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 24 CFR Part 401 after this date.