{"data":{"id":"us/24-cfr-401.420","jurisdiction":"us","citation":"24 CFR 401.420","heading":"When must the Restructuring Plan require project-based assistance?","body":"The Restructuring Plan must provide for the section 8 contract to be renewed as project-based assistance, subject to the availability of funds for this purpose, if:\n(a) The PAE determines there is a market-wide vacancy rate of 6 percent or less;\n(b) At least 50 percent of the units in the project are occupied by elderly families, disabled families, or elderly and disabled families; or\n(c) The project is held by a nonprofit cooperative ownership housing corporation or nonprofit cooperative housing trust.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER IV—OFFICE OF HOUSING AND OFFICE OF MULTIFAMILY HOUSING ASSISTANCE RESTRUCTURING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","PART 401—MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET)","Subpart C—Restructuring Plan"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"7a9ce750eb70928708d76c97dce1eadee6bf45cad1d5d2cfbe8bd46efa94a466","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-401.412","next":"us/24-cfr-401.421"},"notice":"GroundRules: Original legal text. Not legal advice."}