24 C.F.R. § 886.310 Initial contract rents.
Title 24 - Housing and Urban Development
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). [60 FR 11859, Mar. 2, 1995]
Title 24: Housing and Urban Development
PART 886—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—SPECIAL ALLOCATIONS
Subpart C—Section 8 Housing Assistance Program for the Disposition of HUD-Owned Projects
§ 886.310 Initial contract rents.
