---
kind: "section"
citation: "24 C.F.R. § 982.504"
title: "24"
number: "982.504"
heading: "Payment standard for family in restructured subsidized multifamily project."
url: "https://uscodex.org/cfr/24/982.504"
---

# §982.504. Payment standard for family in restructured subsidized multifamily project.

- (a) This section applies to HCV assistance if all the following conditions are applicable:
  - (1) Such HCV assistance is provided to a family pursuant to [24 CFR 401.421](/cfr/24/401.421.md) when HUD has approved a restructuring plan, and the participating administrative entity has approved the use of tenant-based assistance to provide continued assistance for such families. Such tenant-based voucher assistance is provided for a family previously receiving project-based assistance in an eligible project (as defined in [§ 401.2](/cfr/24/401.2.md) of this title) at the time when the project-based assistance terminates.
  - (2) The family chooses to remain in the restructured project with HCV assistance under the program and leases a unit that does not exceed the family unit size;
  - (3) The lease for such assisted tenancy commences during the first year after the project-based assistance terminates.
- (b) The initial payment standard for the family under such initial lease is the sum of the reasonable rent to owner for the unit plus the utility allowance for tenant-paid utilities. (Determination of such initial payment standard for the family is not subject to paragraphs [(c)(1)](/cfr/24/982.505.md?p=c-1) and [(c)(2)](/cfr/24/982.505.md?p=c-2) of § 982.505. Except for determination of the initial payment standard as specifically provided in [paragraph (b)](#b) of this section, the payment standard and housing assistance payment for the family during the HAP contract term shall be determined in accordance with [§ 982.505](/cfr/24/982.505.md).)

## Notes

### Amendments

[64 FR 26649, May 14, 1999, as amended at 80 FR 8247, Feb. 17, 2015]

### Source

Source: 63 FR 23861, Apr. 30, 1998, unless otherwise noted.

### Authority

Authority: 42 U.S.C. 1437f and 3535(d).

### Source

Source: 59 FR 36682, July 18, 1994, unless otherwise noted.

### Amendments

[64 FR 26649, May 14, 1999, as amended at 80 FR 8247, Feb. 17, 2015]