Substantial rehabilitation

Substantial rehabilitation means additions, expansion, remodeling, renovation, modernization, repair, and alteration of existing buildings, including acquisition of new or replacement equipment, in cases where the hard costs of construction and equipment are equal to or greater than 20 percent of the mortgage amount.


24 CFR § 242.1

Scoping language

As used in this subpart, the following terms shall have the meaning indicated:

Is this correct? or