24 Housing and Urban Development 4 2005-04-01 2005-04-01 false Limits on initial rent to owner. 983.252 Section 983.252 Housing and Urban Development OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 8 PROJECT-BASED CERTIFICATE PROGRAM Rent and Housing Assistance Payment
§ 983.252 Limits on initial rent to owner.

(a) Reasonable rent. The initial rent to owner for a unit may not exceed the reasonable rent as determined by the HA in accordance with § 983.256.

(b) FMR/exception rent limit. The initial gross rent for a unit (rent to owner plus utility allowance) may not exceed the FMR/exception rent limit on the date the Agreement is executed. The FMR/exception rent limit is determined by the HA in accordance with 24 CFR 982.504.