24 CFR § 983.152 - Nature of development activity.

---
identifier: "/us/cfr/t24/s983.152"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 983.152 - Nature of development activity."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "983.152"
section_name: "Nature of development activity."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "983"
part_name: "PROJECT-BASED VOUCHER (PBV) PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 1437f and 3535(d)."
regulatory_source: "70 FR 59913, Oct. 13, 2005, unless otherwise noted."
cfr_part: "983"
---


# 983.152 Nature of development activity.

(a) *Purpose of development activity.* An owner may undertake development activity, as defined at § 983.3, for the purpose of:

(1) Placing a newly constructed or rehabilitated project under a HAP contract; or

(2) For a rehabilitated project that will undergo development activity after HAP contract execution, completing the requirements of the rider in accordance with § 983.157.

(b) *Development requirements.* Development activity must comply with the requirements of §§ 983.153 through 983.157.