24 C.F.R. § 886.310

Initial contract rents

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HUD will establish contract rents at levels that, together with other resources available to the purchasers, provide sufficient amounts for the necessary costs of rehabilitating and operating the multifamily housing project and do not exceed 120 percent of the most recently published Section 8 Fair Market Rents for Existing Housing (24 CFR part 888, subpart A).

[60 FR 11859, Mar. 2, 1995]

Notes of Decisions

Cited in 1 case, 1985–1985 · leading case: Frisby v. United States Dep't of Hous. & Urban Dev., 755 F.2d 1044 (3rd Cir. 1985).

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Frisby v. United States Dep't of Hous. & Urban Dev., 755 F.2d 1044 (3rd Cir. 1985). · cites it 5× “HUD regulations contain at least three relevant standards against which this reasoning and conclusion must be assessed: the rent reasonableness determination, 24 C.F.R. § 886.310 (a); the fair market rent limitation, 24 C.”

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