Code of Federal Regulations · Section
§ 401.453 — Reserves
24 C.F.R. § 401.453
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The Restructuring Plan must provide for reserves for capital replacement sufficient to ensure the property's long-term structural integrity so that the property can be maintained as affordable housing in decent, safe, and sanitary condition meeting the standards of § 401.558.
Authorizing Statute
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Declaration of policy and public housing agency organization42 U.S.C. § 1437