Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · CFR · Title 24 — Housing and Urban Development · Part 891 — Supportive Housing for the Elderly and Persons with Disabilities · § 891.860

§ 891.860. Operating reserves.

84 words·~1 min read·/us/cfr/t24/s§ 891.860·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The mixed-finance owner shall maintain an operating reserve account in an amount sufficient to cover the operating expenses of the development for at least a three-month period.
(b)Project income, project rental assistance, tenant rents, and tax credit equity may be used to fund the operating reserve account.
(c)Amounts derived from Section 202 or 811 (e.g., project income, project rental assistance, and tenant rents) in operating reserve accounts may only be used for the operating expenses of the 202 or 811 units.
Connections1 cite this
Cited by 1 section
Citation graph
cites case law
§ 891.860
Operating reserves.
Fed. Reg.×1
Cites 0Cited by 1 across 1 source
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.