Term of the Assistance
An eleven-year ACC is signed by the PHA with HUD. After the ACC is signed, the PHA and owner sign an AHAP and the owner has 12 months from the date of ACC execution to complete rehabilitation on the project. Once the rehabilitation is completed and the PHA inspects the units to ensure compliance with Housing Quality Standards (HQS), a 10-year Housing Assistance Payments (HAP) Contract is signed between the PHA and project owner.
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