24 CFR 985.109 - Default under the Annual Contributions Contract (ACC).

U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 27, 2025

View all text of Subpart B [§ 985.101 - § 985.109]

§ 985.109 - Default under the Annual Contributions Contract (ACC).

HUD may determine that an PHA's failure to correct identified SEMAP deficiencies or to prepare and implement a corrective action plan required by HUD constitutes a default under the ACC.