Nature of development activity.

24 C.F.R. § 983.152
in effectEffective: 2024-07-01
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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.

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