24 CFR 982.619 - Cooperative housing.
(2) Rental assistance for a family that leases a cooperative housing unit from a cooperative member (such rental assistance is not a special housing type, and is subject to requirements in other subparts of this part 982).
(b)Rent to owner.
(1) The reasonable rent for a cooperative unit is determined in accordance with § 982.507. For cooperative housing, the rent to owner is the monthly carrying charge under the occupancy agreement/lease between the member and the cooperative.
(2) The carrying charge consists of the amount assessed to the member by the cooperative for occupancy of the housing. The carrying charge includes the member's share of the cooperative debt service, operating expenses, and necessary payments to cooperative reserve funds. However, the carrying charge does not include down-payments or other payments to purchase the cooperative unit, or to amortize a loan to the family for this purpose.
(3)Gross rent is the carrying charge plus any utility allowance.
(4) Adjustments are applied to the carrying charge as determined in accordance with this section.
(1) During the term of the HAP contract between the PHA and the cooperative, the dwelling unit and premisesmust be maintained in accordance with the HQS. If the dwelling unit and premises are not maintained in accordance with the HQS, the PHAmay exercise all available remedies, regardless of whether the family or the cooperative is responsible for such breach of the HQS. PHA remedies for breach of the HQS include recovery of overpayments, abatement or other reduction of housing assistance payments, termination of housing assistance payments and termination of the HAP contract.
(2) The PHAmay not make any housing assistance payments if the contract unit does not meet the HQS, unless any defect is corrected within the period specified by the PHA and the PHA verifies the correction. If a defect is life-threatening, the defect must be corrected within no more than 24 hours. For other defects, the defect must be corrected within the period specified by the PHA.
(i) The family fails to perform any maintenance for which the family is responsible in accordance with the terms of the cooperative occupancy agreement between the cooperative member and the cooperative;
(iv) Any member of the household or guest damages the dwelling unit or premises (damages beyond ordinary wear and tear).
(4) If the family has caused a breach of the HQS for which the family is responsible, the PHAmust take prompt and vigorous action to enforce such family obligations. The PHAmay terminate assistance for violation of family obligations in accordance with § 982.552.
(1) If approved by the PHA, a live-in aide may reside with the family to care for a person with disabilities. The PHAmust approve a live-in aide if needed as a reasonable accommodation so that the program is readily accessible to and usable by persons with disabilities in accordance with 24 CFR part 8. See § 982.316 concerning occupancy by a live-in aide.
Title 24 published on 2015-08-22
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 24 CFR Part 982 after this date.
Title 24 published on 2015-08-22.
The following are only the Rules published in the Federal Register after the published date of Title 24.
For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.