StacksVerified U.S. regulatory reference

24 CFR §886.314

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
In the event of a financial default under the project mortgage, HUD shall have the right to make subsequent housing assistance payments to the mortgagee until such time as the default is cured, or until some other time agreeable to the mortgagee and approved by HUD.