24 CFR 907.3 - Bases for substantial default.
(3) Violates one or more terms of an ACC, or other covenants or conditions to which the PHA is subject.
(b) Failure to act. In addition to the violations listed in paragraph (a) of this section, in the case where a PHA is designated as a troubled performer under PHAS, the PHA shall be in substantial default if the PHA:
(3) Fails to show substantial improvement, as provided in § 902.75(d) of this chapter.
Title 24 published on 2014-04-01.
No entries appear in the Federal Register after this date, for 24 CFR Part 907.