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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter IV - Office of Housing and Office of Multifamily Housing Assistance Restructuring, Department of Housing and Urban Development |
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Part 401 - Multifamily Housing Mortgage and Housing Assistance Restructuring Program (Mark-to-Market) |
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Subpart C - Restructuring Plan |
§ 401.453 - Reserves.
Latest version.
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§ 401.453 Reserves.
The Restructuring Plan must provide for reserves for capital replacement sufficient to ensure the property's long-term structural integrity so that the property can be maintained as affordable housing in decent, safe, and sanitary condition meeting the standards of § 401.558.