24 CFR 886.111 - Term of contract.

Regulations last checked for updates: May 02, 2025

Title 24 - Housing and Urban Development last revised: Apr 20, 2025

View all text of Subpart A [§ 886.101 - § 886.140]

§ 886.111 - Term of contract.

A Contract may be for an initial term of not more than 5 years, renewable for successive 5 year terms by agreement between HUD and the Owner: Provided, That the total Contract term, including renewals, shall not exceed 15 years.

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

cite as: 24 CFR 886.111