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PART 886—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—SPECIAL ALLOCATIONSSubpart A—Additional Assistance Program for Projects With HUD-Insured and HUD-Held Mortgages

§ 886.120 Responsibility for contract administration.

24 C.F.R. Parts 880, 881, 883, 886 — Section 8 Project-Based Programs (New Construction; Substantial Rehabilitation; State Housing Agencies; Loan Management/Property Disposition Set-Asides) · 2026 edition · updated 2026-07-29 · United States

(a) HUD is responsible for administration of the Contract. HUD may contract with another entity for the performance of some or all of its Contract administration functions.

(b) The Contract shall contain a provision to the effect (1) that if HUD determines that the Owner is not in compliance under the Contract, HUD shall notify the Owner of the actions required to be taken to restore compliance and of the remedies to be applied by HUD including abatement of Housing Assistance Payments and recovery of overpayments, where appropriate; and (2) that if he fails to comply, HUD has the right to terminate the Contract or to take other corrective action. A default under the Regulatory Agreement shall be treated as non-compliance under the Contract.

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Contents — 24 C.F.R. Parts 880, 881, 883, 886 — Section 8 Project-Based Programs (New Construction; Substantial Rehabilitation; State Housing Agencies; Loan Management/Property Disposition Set-Asides)
24 C.F.R. Parts 880, 881, 883, 886 — Section 8 Project-Based Programs (New Construction; Substantial Rehabilitation; State Housing Agencies; Loan Management/Property Disposition Set-Asides)
  1. 24 C.F.R. Parts 880, 881, 883, 886 — Section 8 Project-Based P…
  2. PART 880—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM FOR NEW…
  3. PART 881—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM FOR SUB…
  4. PART 883—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—STATE H…
  5. PART 886—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—SPECIAL…
    Overview
    1. Subpart A—Additional Assistance Program for Projects With HUD-…
    2. Subpart B [Reserved]
    3. Subpart C—Section 8 Housing Assistance Program for the Disposi…

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