Definition of Terms Sample Contracts

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IAC Ch 20, p.1
Definition of Terms • December 20th, 2008
WAC 181-78A-010 Definition of terms. The following definitions shall be used in this chapter:
Definition of Terms • February 20th, 2023
Appendix 2: Definition of Term
Definition of Terms • December 22nd, 2009

Accrual Needs The modernization and capital improvement needs that are projected toaccrue over time at a public housing development that must be addressed for the development to meet HUD’s modernization and energy conservation standards. Act The U.S. Housing Act of 1937 (42 U.S.C. 1547 et. seq.). Annual ContributionsContract (ACC) The written contract, in the form prescribed by HUD, between HUD and aPHA under which HUD agrees to provide assistance for a public housing project and the PHA agrees to comply with HUD requirements. Asset-Repositioning Fee Pursuant to 24 CFR § 990.190, a fee provided to a PHA (as a phase-out ofoperating subsidy) for developments or entire buildings approved by HUD for demolition and/or disposition. See Appendix 13. Cost Analysis The analysis comparing the costs to the PHA of operating public housing tothe costs to the PHA of providing tenant-based or project-based assistance to those residents. To conduct the cost analysis, PHAs should use Calculation Rule a

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