Code of Federal Regulations · Section
§ 891.565 — Term Of Hap Contract
24 C.F.R. § 891.565
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The term of the HAP contract for assisted units shall be 20 years. If the project is completed in stages, the term of the HAP contract for assisted units in each stage shall be 20 years. The term of the HAP contract for all assisted units in all stages of a project shall not exceed 22 years.
Authorizing Statute
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Low-income housing assistance42 U.S.C. § 1437f
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Supportive housing for the elderly12 U.S.C. § 1701q