StacksVerified U.S. regulatory reference

24 CFR §401.101

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Mandatory rejection. The request of an owner of an eligible project will not be considered for a Restructuring Plan if the owner is debarred or suspended under 2 CFR part 2424.
  2. (b)Discretion to reject. HUD may also decide not to accept a request for a Restructuring Plan if:
    1. (1)An affiliate is debarred or suspended under 2 CFR part 2424; or
    2. (2)HUD notifies the owner that HUD is engaged in a pending suspension, debarment or other enforcement action against an owner or affiliate, and the grounds for the pending action are included in § 401.403(b)(2)(ii).
  3. (c)Exception for sale. This section does not apply if a sale or transfer of the property is proposed in accordance with § 401.480.
  4. (d)Notice to tenants. The PAE or HUD will give notice to tenants of a rejection in accordance with §§ 401.500(f)(2), 401.501, and 401.502.