StacksVerified U.S. regulatory reference

24 CFR §401.474

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Accounts from other projects. The accounts listed in § 401.472(a)(1) may be used for other eligible projects only if:
    1. (1)The projects are included in a Consolidated Restructuring Plan under § 401.401; and
    2. (2)The funds are used for rehabilitation or to reduce a section 541(b) claim paid by HUD under § 401.471.
  2. (b)Distribution to owner. The Restructuring Plan may provide for a one-time distribution to the owner, not to exceed 10 percent of the excess funds in project accounts, to be released after completion of the rehabilitation required by the Restructuring Plan.