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| Purpose; Definition of Conversion | 972.200 – 972.203 | |||||||
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42 U.S.C. 1437t, 1437z-5, and 3535(d).
66 FR 33618, June 22, 2001, unless otherwise noted.
68 FR 54619, Sept. 17, 2003, unless otherwise noted.
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This subpart implements section 22 of the United States Housing Act of 1937 (42 U.S.C. 1437t). The purposes of this subpart are to:
(a) Require PHAs to perform an assessment which considers developments for which conversion of public housing may be appropriate; and
(b) Provide a basis for a PHA to take action for conversion on a voluntary basis.
For purposes of this subpart, the term “conversion” means the removal of public housing units from the inventory of a Public Housing Agency (PHA), and the provision of tenant-based, or project-based assistance for the residents of the public housing that is being removed. The term “conversion,” as used in this subpart, does not necessarily mean the physical removal of the public housing development from the site.