Skip to content

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

§ 886.331 Agreement to enter into housing assistance payments contract.

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) Execution of agreement. At the sales closing and prior to the Owner's commencement of any rehabilitation under this subpart, HUD will enter into an Agreement with the Owner which contains the following:

(1) A statement that the Owner agrees to rehabilitate the project unit(s) to make the unit(s) decent, safe, and sanitary in accordance with the work write-up, cost estimates, and this subpart.

(2) A date by which rehabilitation will have commenced and a deadline date by which the rehabilitated project unit(s) will be completed and ready for occupancy. The Agreement may provide for staged rehabilitation, occupancy, and payments under the contract.

(3) The Contract Rent which will be paid to the Owner once rehabilitation is completed, the Contract is executed, and the unit(s) is/are occupied by an eligible family.

(4) A date for final inspection of the unit(s) by HUD and the owner shall be specified. This date shall be as soon as possible after the deadline date specified pursuant to paragraph (a)(2) of this section.

(5) The term of the contract.

(b) Agreement part of sales contract. The Agreement will be prepared by HUD and incorporated into the Contract of Sale and Purchase. The Agreement shall include all required information in paragraph (a) of this section and a statement specifying the Owner's responsibility for making relocation payments to Families temporarily displaced.

[44 FR 70365, Dec. 6, 1979, as amended at 58 FR 43722, Aug. 17, 1993]

Get a plain-English answer with a citation back to this text.

Ask AI about this code
▸ 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.

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.