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 886—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—SPECI…

24 C.F.R. § 886.320

Default under the contract

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The contract shall contain a provision to the effect that if HUD determines that the owner is in default under the contract, HUD shall notify the owner of the actions required to be taken to cure the default and of the remedies to be applied by HUD including recovery of overpayments, where appropriate, and that if the owner fails to cure the default within a reasonable time as determined by HUD, HUD has the right to terminate the contract or to take other corrective action, including recission of the sale. When contract termination is under consideration by HUD, HUD shall give eligible families an opportunity to submit written and other comments. Where the project is sold under the arrangement that involves a regulatory agreement between HUD and the owner, a default under the regulatory agreement shall be treated as default under the contract.

Notes of Decisions
Cited in 4 cases, 1986–2014 · leading case: Normandy Apts., Ltd. v. U.S. Dep't of Hous. & Urban Dev., 554 F.3d 1290 (10th Cir. 2009).
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Normandy Apts., Ltd. v. U.S. Dep't of Hous. & Urban Dev., 554 F.3d 1290 (10th Cir. 2009). · cites it 2× “857 (c)(3) and 24 C.F.R. § 886.320 ). Count II averred that HUD had breached its contract for similar reasons (e.”
Normandy Apts., Ltd. v. United States, 116 Fed. Cl. 431 (Fed. Cl. 2014). “24C.F.R. § 886.320; see 24 C.F.R. § 886.120 .”
In Re Franklin Park Dev. I, 64 B.R. 253 (Bankr. D. Mass. 1986). “A hearing was held on July 10th, at which time it became apparent that HUD had failed to abide by its own notification requirements, under 24 C.F.R. § 886.320 pursuant to which it must notify the owner of its intentions to abate rental subsidies 30 days before it takes such…”
Normandy Apts., Ltd. v. United States (Fed. Cl. 2014). “24 C.F.R. § 886.320 ; see 24 C.F.R. § 886.”
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