24 CFR 886.310 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 700.100 To Parts 1008-1699) — Regulations Relating To Housing And Urban Development (Continued) (§ 700.100 To Parts 1008-1699) — Office Of The Assistant Secretary For Housing-Federal Housing Commissioner, Department Of Housing And Urban Development (Section 8 Housing Assistance Programs, Section 202 Direct Loan Program, Section 202 Supportive Housing For The Elderly Program And Section 811 Supportive Housing For Persons With Disabilities Program) (Parts 800-810 To Parts 892-899) — Section 8 Housing Assistance Payments Program - Special Allocations (§ 886.101 To § 886.338) — Section 8 Housing Assistance Program For The Disposition Of Hud-Owned Projects (§ 886.301 To § 886.338) — Initial contract rents.

4 Aug 2016

HUD will establish contract rents at levels that, together with other resources available to the purchasers, provide sufficient amounts for the necessary costs of rehabilitating and operating the multifamily housing project and do not exceed 120 percent of the most recently published Section 8 Fair Market Rents for Existing Housing (24 CFR part 888, subpart A).

24 CFR 886.310

[60 FR 11859, Mar. 2, 1995]