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42 U.S.C. 1437f and 3535(d).
70 FR 59913, Oct. 13, 2005, unless otherwise noted.
89 FR 38318, May 7, 2024, unless otherwise noted.
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(a) Purpose of development activity. An owner may undertake development activity, as defined at § 983.3, for the purpose of:
(1) Placing a newly constructed or rehabilitated project under a HAP contract; or
(2) For a rehabilitated project that will undergo development activity after HAP contract execution, completing the requirements of the rider in accordance with § 983.157.
(b) Development requirements. Development activity must comply with the requirements of §§ 983.153 through 983.157.