Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Part 891 - Supportive Housing for the Elderly and Persons With Disabilities |
Subpart E - Loans for Housing for the Elderly and Persons with Disabilities |
Section 202 Projects for the Elderly or Handicapped - Section 8 Assistance |
§ 891.565 - Term of HAP contract.
Latest version.
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§ 891.565 Term of HAP contract.
The term of the HAP contract for assisted units shall be 20 years. If the project is completed in stages, the term of the HAP contract for assisted units in each stage shall be 20 years. The term of the HAP contract for all assisted units in all stages of a project shall not exceed 22 years.