HAR §17-528-11. Purpose

The purpose of this subchapter iS to set forth those procedures, requirements, and conditions allowing the authority to develop and finance housing projects under the Section 8 program. [Eff: ‘, _ .... L4: L J h.' 1 (Auth: HRS §356-10; 24 CFR 880, 881, 8831 (Imp: HRS 5356-21; 24 CFR 880,'881, 883) §17-528-12 Authorization for development. (a) The authority may either develop real property and construct dwelling units, thereon or substantially rehabilitate existing dwelling units for participation in the housing assistance payments program. (b) When the authority so participates in the Section 8 program, the provisions of the applicable CFR's will apply as follows: (1) New construction units - 24 CFR 880; and 528-3 517-528-12 (2) Substantial rehabilitation units - 24 CFR 881. [Eff: or,: 0 s 1981 1 (Auth: HRS 5356-10; 24 CFR 880, 881, 883) (Imp: HRS §356-21; 24 CFR 880, 881, 883) 517-528-13 Use of state housing program. The provisions of chapter 3596, HRS and 517-525, title 17, administrative rules may be utilized whenever the authority determines that such utilization will provide the optimum results for the development of dwelling units for the lower income families. [Eff: Gizi 0 j igal ] (Auth: HRS 5356-10; 24 CFR 880, 883) (Imp: HRS 5356-21; 24 CFR 880, 883) 517-528-14 Permanent and interim construction loans. The authority may provide interim or permanent construc- tion loans to a.developer or an owner for the development and construction or rehabilitation of dwelling units for participation in the Section 8 program. In so doing, the authority shall conform to the requirements as outlined in subchapter 2 and 3, chapter 525, title 17, administrative rules. [Eff: OcT fr j jbbi ] (Auth: HRS §356-10; 24 CFR 880) (Imp: HRS §356-21; 24 CFR 880) SUBCHAPTER 3 HOUSING FINANCE AND DEVELOPMENT AGENCIES