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HUD Announces Final Rule on Multifamily Assisted Housing Reform and Affordability Act of 1997

Thursday, December 6, 2001 - 8:00AM

The U.S. Department of Housing and Urban Development (HUD) today announced a final rule that will take effect January 7 and implement sections 561 and 562 of the Multifamily Assisted Housing Reform and Affordability Act of 1997, which concern HUD’s ability to impose civil money penalties. Section 562 authorizes HUD to impose civil money penalties for violations of Section 8 project-based housing assistance payments contracts.

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