24 C.F.R. § 982.520 Regular tenancy: Special adjustment of rent to owner.
Title 24 - Housing and Urban Development
(a) Substantial and general cost increases. (1) At HUD's sole discretion, HUD may approve a special adjustment of the rent to owner to reflect increases in the actual and necessary costs of owning and maintaining the unit because of substantial and general increases in: (i) Real property taxes; (ii) Special governmental assessments; (iii) Utility rates; or (iv) Costs of utilities not covered by regulated rates. (2) An PHA may make a special adjustment of the rent to owner only if the adjustment has been approved by HUD. The owner does not have any right to receive a special adjustment. (b) Reasonable rent. The adjusted rent may not exceed the reasonable rent. The owner may not receive a special adjustment if the adjusted rent would exceed the reasonable rent. (c) Term of special adjustment. (1) The PHA may withdraw or limit the term of any special adjustment. (2) If a special adjustment is approved to cover temporary or one-time costs, the special adjustment is only a temporary or one-time increase of the rent to owner. [63 FR 23861, Apr. 30, 1998. Redesignated at 64 FR 26648, May 14, 1999]
Title 24: Housing and Urban Development
PART 982—SECTION 8 TENANT BASED ASSISTANCE: HOUSING CHOICE VOUCHER PROGRAM
Subpart K—Rent and Housing Assistance Payment
§ 982.520 Regular tenancy: Special adjustment of rent to owner.
