Code of Federal Regulations · Section
§ 886.111 — Term Of Contract
24 C.F.R. § 886.111
View:
A Contract may be for an initial term of not more than 5 years, renewable for successive 5 year terms by agreement between HUD and the Owner: Provided, That the total Contract term, including renewals, shall not exceed 15 years.
Authorizing Statute
-
Rental payments42 U.S.C. § 1437a