---
kind: "section"
citation: "24 C.F.R. § 401.554"
title: "24"
number: "401.554"
heading: "Contract renewal and administration."
url: "https://uscodex.org/cfr/24/401.554"
---

# §401.554. Contract renewal and administration.


HUD will offer to renew [section 8](/cfr/24/8.md) contracts as provided in each Restructuring Plan, subject to the availability of appropriations and subject to the renewal authority available at the time of each contract expiration. The offer will be made by HUD directly or through a PAE that has contracted with HUD to be a contract administrator for such contracts. HUD will offer to any PAE that is qualified to be the [section 8](/cfr/24/8.md) contract administrator the opportunity to serve as the [section 8](/cfr/24/8.md) contract administrator for a project restructured under a Restructuring Plan developed by the PAE under the Mark-to-Market Program. Qualifications will be determined under both statutory requirements and requirements issued by the appropriate office within HUD, depending on the type of [section 8](/cfr/24/8.md) assistance that is provided.


## Notes

### Amendments

[65 FR 15485, Mar. 22, 2000, as amended at 65 FR 53901, Sept. 6, 2000; 89 FR 14590, Feb. 28, 2024]

### Authority

Authority: 12 U.S.C. 1715z-1 and 1735f-19(b); 42 U.S.C. 1437(c)(8), 1437f(t), 1437f note, and 3535(d).

### Source

Source: 65 FR 15485, Mar. 22, 2000, unless otherwise noted.

### Amendments

[65 FR 15485, Mar. 22, 2000, as amended at 65 FR 53901, Sept. 6, 2000; 89 FR 14590, Feb. 28, 2024]