StacksVerified U.S. regulatory reference

24 CFR §401.420

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The Restructuring Plan must provide for the section 8 contract to be renewed as project-based assistance, subject to the availability of funds for this purpose, if:
  1. (a)The PAE determines there is a market-wide vacancy rate of 6 percent or less;
  2. (b)At least 50 percent of the units in the project are occupied by elderly families, disabled families, or elderly and disabled families; or
  3. (c)The project is held by a nonprofit cooperative ownership housing corporation or nonprofit cooperative housing trust.