New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 80 - NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY
Subchapter 9 - RENTS
Section 5:80-9.8 - Rent increases approvable by the Department of Housing and Urban Development
Universal Citation: NJ Admin Code 5:80-9.8
Current through Register Vol. 56, No. 18, September 16, 2024
(a) In all housing projects receiving subsidies under the Section 236 Interest Reduction Payments Program or Section 8 Housing Assistance Payments Program, rent increase applications shall be submitted to and are subject to approval by HUD, unless the rent increase is automatically authorized pursuant to 5:80-9.4(b).
(b) Upon verification of the completeness, accuracy and validity of the rent increase application pursuant to its review under 5:80-9.7, the Agency will forward the rent increase application to HUD for final action. The Agency will notify the housing sponsor of HUD's final decision.
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