§ 34-45-5 - Notice of termination of section 8 contract.
SECTION 34-45-5
§ 34-45-5 Notice of termination of section8 contract. – (a) Not less than two (2) years prior to terminating any contract under whichrental assistance payments are received under § 8 of the United StatesHousing Act of 1937, 42 U.S.C. § 1437f, an owner shall provide writtennotice to the corporation, specifying the reasons for the termination withsufficient detail to enable the corporation to evaluate whether the terminationis lawful and whether there are additional actions that can be taken by thecorporation to avoid the termination. The corporation shall review the owner'snotice, and shall consider whether there are additional actions that can betaken by the corporation to avoid the termination.
(b) Within thirty (30) days of the owner's notice thecorporation shall issue a written finding of the legality of the terminationand the reasons for the termination, including the actions considered or takento avoid the termination.
(c) For purposes of this section, "termination" means theexpiration of the § 8 assistance contract or an owner's refusal to renewthe § 8 assistance contract.
(d) Within twenty-four (24) hours of providing thecorporation with the notice required by this section, the owner shall:
(1) Send a copy of the notice, by registered or certifiedmail, return receipt requested, to the tenant association of the development,and
(2) Post a copy of the notice in a conspicuous place incommon areas of the development.