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PART 886—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—SPECIAL ALLOCATIONS›Subpart C—Section 8 Housing Assistance Program for the Disposition of HUD-Owned Projects

§ 886.308 Maximum total annual contract commitment.

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) Number of units assisted. Based on the final disposition program developed in accordance with 24 CFR part 290, HUD shall determine the number of units to be assisted up to 100 percent of the units in the project.

(b) Maximum assistance. The maximum total annual housing assistance payments that may be committed under the contract shall be the total of the gross rents for all the contract units in the project.

(c) Changes in contract amounts. In order to assure that housing assistance payments will be increased on a timely basis to cover increases in contract rents, changes in family composition, or decreases in family incomes:

(1) A project account shall be established and maintained, in an amount as determined by HUD consistent with section 8(c)(6) of the Act, out of amounts by which the maximum annual contract commitment per year exceeds amounts paid under the contract for any fiscal year. This account shall be established and maintained by HUD as a specifically identified and segregated account, and payment shall be made therefrom only for the purposes of:

(i) Housing assistance payments, and

(ii) Other costs specifically authorized or approved by HUD.

(2) Whenever a HUD-approved estimate of required housing assistance payments for a fiscal year exceeds the maximum annual contract commitment, causing the amount in the project account to be less than an amount equal to 40 percent of the maximum annual contract commitment, HUD, within a reasonable period of time, shall take such additional steps authorized by Section 8(c)(6) of the Act as may be necessary to carry out this assurance, including (as provided in that section of the Act) “the reservation of annual contributions authority for the purpose of amending housing assistance contracts or the allocation of a portion of new authorizations for the purpose of amending housing assistance contracts.”

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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…
      Overview
      1. § 886.301 Purpose.
      2. § 886.302 Definitions.
      3. § 886.303 Allocation and reservation of Section 8 contract aut…
      4. § 886.304 Project eligibility criteria.
      5. § 886.305 Disclosure and verification of Social Security and E…
      6. § 886.306 Notices.
      7. § 886.307 Physical condition standards; physical inspection re…
      8. § 886.308 Maximum total annual contract commitment.
      9. § 886.309 Housing assistance payment to owners.
      10. § 886.310 Initial contract rents.
      11. § 886.311 Term of contract.
      12. § 886.311a Notice upon contract expiration.
      13. § 886.312 Rent adjustments.
      14. § 886.313 Other Federal requirements.
      15. § 886.314 Financial default.
      16. § 886.315 Security and utility deposits.
      17. §§ 886.316-886.317 [Reserved]
      18. § 886.318 Responsibilities of the owner.
      19. § 886.319 Responsibility for contract administration.
      20. § 886.320 Default under the contract.
      21. § 886.321 Marketing.
      22. § 886.322 [Reserved]
      23. § 886.323 Maintenance, operation, and inspections.
      24. § 886.324 Reexamination of family income and composition.
      25. § 886.325 Overcrowded and underoccupied units.
      26. § 886.326 Adjustment of utility allowances.
      27. § 886.327 Lease requirements.
      28. § 886.328 Termination of tenancy.
      29. § 886.329 Leasing to eligible families.
      30. § 886.329a Preferences for occupancy by elderly families.
      31. § 886.330 Work write-ups and cost estimates.
      32. § 886.331 Agreement to enter into housing assistance payments …
      33. § 886.332 Rehabilitation period.
      34. § 886.333 Completion of rehabilitation.
      35. § 886.334 Execution of housing assistance payments contract.
      36. § 886.335 Management and occupancy reviews.
      37. § 886.336 Audit.
      38. § 886.337 Selection preferences.
      39. § 886.338 Displacement, relocation, and acquisition.
      40. § 886.339 Emergency transfers for victims of domestic violence…
      41. § 886.340 Broadband infrastructure.

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