§ 990.260. Applicability.
93 words·~1 min read·
/us/cfr/t24/s§ 990.260·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)PHAs that own and operate 250 or more dwelling rental units under title I of the 1937 Act, including units managed by a third-party entity (for example, a resident management corporation) but excluding section 8 units, are required to operate using an asset management model consistent with this subpart.
(b)PHAs that own and operate fewer than 250 dwelling rental units may treat their entire portfolio as a single project. However, if a PHA selects this option, it will not receive the add-on for the asset management fee described in § 990.190(f).