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B. Completion in Stages: When the units will be completed in stages, the number <br />and types of units in each stage, and the initial rents to owner for such units, shall <br />be separately shown in the HAP contract for each stage. Upon acceptance of the <br />first stage, the owner shall execute the HAP contract and the signature block <br />provided in the HAP contract for that stage. Upon acceptance of each subsequent <br />stage, the owner shall execute the signature block provided in the HAP contract <br />for such siage. <br />C. corm of HAP contract: The terms of the HAP contract shall be provided in <br />Exhibit D of this Agreement. There shall be no change in the terms of the HAP <br />contract unless such change is approved by HUD headquarters. Prior to execution <br />by the owner, all black spaces in the HAP contract shall be completed by the <br />PHA.. <br />D. Survival of Owner Obligations: Even after execution of the HAP contract, the <br />owner shall continue to be bound by all owner obligations under the Agreement. <br />1..12 Initial Determination of Rents <br />A. The estimated initial rent to owner shall be established in Exhibit C of this <br />Agreement. <br />l3. The initial rent to owner is established at the beginning of the HAP contract term. <br />C. The estimated and initial contract rents for each unit may in no event exceed the <br />amount authorized in accordance with I-IUD requirements. Where the estimated or <br />the initial rent to owner exceeds the amount authorized under HUD requirements, <br />--the--PHA-shaiI-establish a lower estimated or initial rent to-owner (as applicable}, <br />_.in..aecordance.wlth HUD requirements. _ ._. _ <br />1..13 Uniform Relocation Act <br />A. A displaced person must be provided relocation assistance at the levels described <br />in and in accordance with the requirements of the Uniform Relocation Assistance <br />and Real Property Acquisition Policies Act of 1970 {URA) (42 U.S.C. 4201- <br />4d55} and implementing regulations at 49 CP'R part 24. <br />B. The cast of required relocation assistance may be paid with funds provided by the <br />owner, or with local public funds, or with funds available from other sources. <br />Payment of relocation assistance must be irz accordance with HUD require,x,ents. <br />Page 7 of 17 HUD 52531A <br />Agreement, Part 1 of 2 <br />Previous Editions are obsolete <br />Project-based Voucher Program <br />