§983.152. Nature of development activity.
24 C.F.R. § 983.152
Purpose of development activity. An owner may undertake development activity, as defined at § 983.3, for the purpose of:
Placing a newly constructed or rehabilitated project under a HAP contract; or
For a rehabilitated project that will undergo development activity after HAP contract execution, completing the requirements of the rider in accordance with § 983.157.
Development requirements. Development activity must comply with the requirements of §§ 983.153 through 983.157.
Notes, amendments, and revision history
Source
Source: 89 FR 38318, May 7, 2024, unless otherwise noted.
Authority
Authority: 42 U.S.C. 1437f and 3535(d).
Source
Source: 70 FR 59913, Oct. 13, 2005, unless otherwise noted.