1. Regulations
  2. title 24
  3. chapter IX
  4. part 902
  5. subpart E
  6. § 902.53

View all text of Subpart E [§ 902.50 - § 902.53]

§ 902.53 - Capital Fund program scoring and thresholds.

(a) Scoring. The Capital Fund program indicator score provides an assessment of a PHA's ability to obligate Capital Fund program grants in a timely manner on capital and modernization needs.

(b) Thresholds. (1) The PHA's Capital Fund program score is based on a maximum of 10 points.

(2) In order to receive a passing score under the Capital Fund program indicator, a PHA must achieve a score of at least 5 points, or 50 percent.

AUTHORITY: 42 U.S.C. 1437d(j), 42 U.S.C. 3535(d), 1437z-10.

SOURCE: 76 FR 10149, Feb. 23, 2011, unless otherwise noted.

CITE AS: 24 CFR 902.53