Source: https://www.law.cornell.edu/cfr/text/24/401.100
Timestamp: 2017-09-22 13:49:20
Document Index: 286739191

Matched Legal Cases: ['art 401', '§ 401', '§ 402', '§ 401', 'art 402', '§ 1735', 'art?\n24']

24 CFR 401.100 - Which projects are eligible for a Restructuring Plan under this part? | US Law | LII / Legal Information Institute
CFR › Title 24 › Subtitle B › Chapter IV › Part 401 › Subpart A › Section 401.100
24 CFR 401.100 - Which projects are eligible for a Restructuring Plan under this part?
§ 401.100 Which projects are eligible for a Restructuring Plan under this part?
(a)What are the requirements for eligibility? To be eligible for a Restructuring Plan under this part, a project must:
(2) Be covered in whole or in part by a contract for project-based assistance under -
(4) Have a first mortgage that has not previously been restructured under this part or under HUD's Portfolio Reengineering demonstration authority as defined in § 402.2(c) of this chapter;
(b)When is eligibility determined? Eligibility for a Restructuring Plan under paragraph (a) of this section is determined by the status of a project on the earlier of the termination or expiration date of the project-based assistance contract, which includes a contract renewed under section 524 of MAHRA, or the date of the owner's request to HUD for a Restructuring Plan. Eligibility is not affected by a subsequent change in status, such as contract extension under § 401.600 or part 402 of this chapter.
[ 71 FR 2121, Jan. 12, 2006]
§ 1735f-19
24 CFR 402.6 — What Actions Must an Owner Take to Request Section 8 Contract Renewal Under This Part?
24 CFR 401.2 — What Special Definitions Apply to This Part?