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HUD. U.S. Department of Housing and Urban Development. HUD requirements. HUD requirements which apply to the project -based voucher program. HUD requirements are issued by HUD headquarters, as regulations, Federal Register notices or other binding program directives. Newly constructed housing. Housing units that do not exist on the proposal selection date and are developed after the date of selection pursuant to an Agreement between the PHA and owner for use under the project -based voucher program. Owner. Any person or entity who has the legal right to lease or sublease a unit to a participant. Premises. The building or complex in which a contract unit is located, including common areas or grounds. Principal or interested party. This term includes a management agent and other persons or entities participating in project management, and the officers and principal members, shareholders, investors, and other parties having a substantial interest in the HAP contract, or in any proceeds or benefits arising from the HAP contract. Program. The project -based voucher program (see authorization for project -based assistance at 42 U.S.C. 1437f(o)(13)). PHA. Public Housing Agency. The agency that has entered into the HAP contract with the owner. The agency is a public housing agency as defined in the United States Housing Act of 1937 (42 U.S.C. 1437a(b)(6)). Proposal selection date. The date the PHA gives written notice of proposal selection to the owner whose proposal is selected in accordance with the criteria established in the PHA's administrative plan. Rehabilitated housing. Housing units that exist on the proposal selection date, but do not substantially comply with the HQS at that date, and are developed, pursuant to an Agreement between the PHA and owner, for use under the project -based voucher program. Rent to owner. The total monthly rent payable to the owner under the lease for a contract unit. Rent to owner includes payment for any housing services, maintenance and utilities to be provided by the owner in accordance with the lease. Project -based Voucher Program HAP Contract for New Construction or Rehabilitation Previous editions are obsolete HUD 52530A Page - 2 - 4-48 of Part 2 (04/2015)