Newly constructed housing.
Newly constructed housing. A project containing housing units that do not exist on the proposal or project selection date and are developed after the proposal or project selection date for use under the PBV program.
Source
24 CFR § 983.3
Scoping language
General. This section defines PBV terms used in this part. For administrative ease and convenience, those part 982 terms that are also used in this part are identified in this section. In limited cases, where there is a slight difference with the part 982 term, an annotation is made in this section.