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Administrative Plan 7/1/2025 Page 17-90 <br />17-VIII.E. EFFECT OF OTHER SUBSIDY AND RENT CONTROL <br />In addition to the rent limits discussed in Section 17-VIII.B above, other restrictions may limit <br />the amount of rent to owner in a PBV unit. In addition, certain types of subsidized housing are <br />not even eligible to receive PBV assistance (see Section 17-II.D). <br />Other Subsidy [24 CFR 983.304] <br />To comply with HUD subsidy layering requirements, at the discretion of HUD or its designee, a <br />PHA shall reduce the rent to owner because of other governmental subsidies, including tax <br />credits or tax exemptions, grants, or other subsidized funding. <br />For units receiving assistance under the HOME program, rents may not exceed rent limits as <br />required by that program. <br />For units in any of the following types of federally subsidized projects, the rent to owner may not <br />exceed the subsidized rent (basic rent) or tax credit rent as determined in accordance with <br />requirements for the applicable federal program: <br /> An insured or non-insured Section 236 project; <br /> A formerly insured or non-insured Section 236 project that continues to receive Interest <br />Reduction Payment following a decoupling action; <br /> A Section 221(d)(3) below market interest rate (BMIR) project; <br /> A Section 515 project of the Rural Housing Service; <br /> Any other type of federally subsidized project specified by HUD. <br />Combining Subsidy <br />Rent to owner may not exceed any limitation required to comply with HUD subsidy layering <br />requirements. <br />Rent Control [24 CFR 983.305] <br />In addition to the rent limits set by PBV program regulations, the amount of rent to owner may <br />also be subject to rent control or other limits under local, state, or federal law. <br />EXHIBIT 1