N.J. Admin. Code § 5:80-9.8

Current through Register Vol. 56, No. 16, August 19, 2024

Section 5:80-9.8 - Rent increases approvable by the Department of Housing and Urban Development

(a) In all housing projects receiving subsidies under the Section 236 Interest Reduction Payments Program or Section 8 Housing Assistance Payments Program, rent increase applications shall be submitted to and are subject to approval by HUD, unless the rent increase is automatically authorized pursuant to 5:80-9.4(b).

(b) Upon verification of the completeness, accuracy and validity of the rent increase application pursuant to its review under 5:80-9.7, the Agency will forward the rent increase application to HUD for final action. The Agency will notify the housing sponsor of HUD's final decision.

N.J. Admin. Code § 5:80-9.8

Repeal and New Rule, R.1991 d.334, effective 7/1/1991.
See: 22 New Jersey Register 2389(b), 23 New Jersey Register 2055(a).