(a) Term of commitment and conversion. Recipients must agree to operate the housing or provide supportive services in accordance with this part and with sections 423 (b)(1) and (b)(3) of the McKinney Act (42 U.S.C. § 11383(b)(1), 11383(b)(3)).

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(b) Repayment of grant and prevention of undue benefits. In accordance with section 423(c) of the McKinney Act (42 U.S.C. § 11383(c)), HUD will require recipients to repay the grant unless HUD has authorized conversion of the project under section 423(b)(3) of the McKinney Act (42 U.S.C. § 11383(b)(3)).

[61 FR 51176, Sept. 30, 1996]