Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter IX - Office of Assistant Secretary for Public and Indian Housing, Department of Housing and Urban Development |
Part 950 - INDIAN HOUSING PROGRAMS |
Subpart G - Turnkey III Program |
§ 950.523 - Operating subsidy.
Latest version.
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HUD may pay operating subsidy, subject to the availability of funds for this purpose and at HUD's sole discretion, to cover an operating deficit in an operating budget. However, operating subsidy or project funds may not be used to establish or maintain the homebuyer reserve accounts.