Code of Federal Regulations Title 24. Housing and Urban Development § 24.401.420 When must the Restructuring Plan require project-based assistance?

(a) The PAE determines there is a market-wide vacancy rate of 6 percent or less;

(b) At least 50 percent of the units in the project are occupied by elderly families, disabled families, or elderly and disabled families;  or

(c) The project is held by a nonprofit cooperative ownership housing corporation or nonprofit cooperative housing trust.