C.F.R. » Title 24 » CHAPTER VIII—OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (SECTION 8 HOUSING ASSISTANCE PROGRAMS, SECTION 202 DIRECT LOAN PROGRAM, SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM AND SECTION 811 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES PROGRAM) › PART 883—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—STATE…

24 C.F.R. § 883.702

Replacement reserve

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For projects that are required to maintain a replacement reserve account to fund capital repairs and building system replacements, while the Annual Contributions Contract (ACC) between the State Agency and HUD is in effect, funds in that replacement reserve account may be drawn and used only in accordance with State Agency guidelines and with the approval of, or as directed by, the State Agency. Upon termination of the ACC, the Owner must request withdrawal of any funds in the replacement reserve account and immediately deposit such funds into an interest-bearing replacement reserve account that complies with the requirements of 24 CFR 880.602(a)(1)(iv).

[89 FR 96098, Dec. 4, 2024]
Notes of Decisions
Cited in 1 case, 1984–1984 · leading case: Eidson v. Pierce, 745 F.2d 453 (7th Cir. 1984).
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Eidson v. Pierce, 745 F.2d 453 (7th Cir. 1984). “101 (f) (owner responsible for selection of tenants); 24 C.F.R. § 883.702 (b) (same). While the owner is required to apply HUD eligibility requirements and "accept applications .”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.