Laws and Regs

24CFR245.320.txt

Budget-Based Rent Increase

Laws and Regs

OMB: 2502-0324

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[Code of Federal Regulations]
[Title 24, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR245.320]

[Page 381-382]

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 CHAPTER II--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING
        COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

PART 245--TENANT PARTICIPATION IN MULTIFAMILY HOUSING PROJECTS--Table of Contents

Subpart D--Procedures for Requesting Approval of an Increase in Maximum
                            Permissible Rents

Sec. 245.320  Request for increase.

    Upon expiration of the period for tenant comments required in the
notice format in Sec. 245.310 and after review of the comments submitted
to the mortgagor, the mortgagor must submit to the local HUD office, in
addition to the materials enumerated in Sec. 245.315 and any revisions
thereto, the request for an increase in the maximum permissible rents,
together with the following:
    (a) Copies of all written comments submitted by the tenants to the
mortgagor;
    (b) The mortgagor's evaluation of the tenants' comments with respect
to the request;
    (c) A certification by the mortgagor that:
    (1) It has complied with all of the requirements of this subpart;

[[Page 382]]

    (2) The copies of the materials submitted in support of the proposed
increase were located in a place reasonably convenient to tenants in the
project during normal business hours and that requests by tenants to
inspect the materials, as provided for in the notice, were honored;
    (3) All comments received from tenants were considered by the
mortgagor in making its evaluation; and
    (4) Under the penalties and provisions of title 18 U.S.C., section
1001, the statements contained in this request and its attachments have
been examined by me and, to the best of my knowledge and belief, are
true, correct, and complete.
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