24 CFR 883.606 - Administration fee.

Regulations last checked for updates: Jun 01, 2024

Title 24 - Housing and Urban Development last revised: May 28, 2024

View all text of Subpart F [§ 883.601 - § 883.608]

§ 883.606 - Administration fee.

(a) The State Agency is responsible for administration of the Contract subject to periodic review and audit by HUD.

(b) The Agency is entitled to a reasonable fee, determined by HUD, for administering a Contract on newly constructed or substantially rehabilitated units provided there is no override on the permanent loan granted by the Agency to the owner for a project containing assisted units.

authority: 42 U.S.C. 1437a,1437c,1437f,3535,and

source: 45 FR 6889, Jan. 30, 1980, unless otherwise noted.

cite as: 24 CFR 883.606