24 C.F.R. § 891.823
§ 891.823 HUD review and approval. (24 CFR Part 891)
Operative Text
HUD will review and may approve or disapprove the firm commitment application and mixed finance proposal.
Under 24 CFR Part 891 § 891.823, the U.S. Department of Housing and Urban Development holds the authority to evaluate a firm commitment application and its associated mixed finance proposal, and to either approve or reject them. This provision establishes HUD as the decision-making body at this stage of the financing process, meaning no project can proceed past this point without HUD's affirmative action. The rule does not specify the criteria or timeline for that review, only that the review power rests with HUD.
Plain English — not legal advice.
Operators and owners pursuing mixed finance projects under 24 CFR Part 891 § 891.823 generally ensure that their firm commitment application and mixed finance proposal are complete, accurate, and consistent with all applicable HUD requirements before submission. Because HUD retains full authority to approve or disapprove the application, compliant operators typically maintain thorough documentation and respond promptly to any HUD requests for additional information during the review period. Understanding that disapproval is a possible outcome under this section, experienced operators often review HUD's published guidance on mixed finance proposals before finalizing their submissions.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
For tenants or prospective tenants of housing developed under mixed finance arrangements, 24 CFR Part 891 § 891.823 means that the project's financing structure must pass HUD scrutiny before moving forward, which is one layer of federal oversight intended to ensure the project meets program standards. If a tenant believes a project was developed or is being operated in a manner inconsistent with HUD's approval, they may consider contacting HUD's local field office or a tenant-rights organization familiar with Section 202 or mixed finance housing. Understanding this provision can be relevant context when reviewing a project's compliance history or raising concerns through available administrative channels.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 4, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
References Out
No outbound references recorded yet for this provision.
References In
No inbound references recorded yet for this provision.