# Voluntary Conversion of Developments From Public Housing Stock
> **US Department of Housing and Urban Development** · Final rule. · Published 2003-09-17 · Effective 2004-03-15 · 68 FR 54612
## Document
- **Document number:** 03-23027
- **Category:** hud-housing-vouchers
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 68 FR 54612
- **CFR reference:** 24 CFR 972
- **Publication date:** 2003-09-17
- **Effective date:** 2004-03-15
- **Docket:** Docket No. FR-4476-F-04
## Abstract

This final rule furthers HUD's implementation of section 533 of the Quality Housing and Work Responsibility Act of 1998. Section 533 authorizes Public Housing Agencies (PHAs) to convert a development to tenant-based assistance by removing the development or a portion of the development from its public housing inventory and providing for relocation of the residents or provision of tenant-based assistance to them. This action is permitted only when that change would be cost effective, be beneficial to residents of the development and the surrounding area, and not have an adverse impact on the availability of affordable housing. Since the cost methodology necessary to conduct the cost comparisons for voluntary conversions has not yet been finalized, PHAs may not undertake conversions under this final rule until the effective date of the cost methodology. HUD is publishing a proposed rule elsewhere in today's Federal Register, to provide the public with an opportunity to comment on the methodology that HUD proposes be used for the required cost comparisons. This final rule follows publication of a July 23, 1999, proposed rule and takes into consideration the public comments received on the proposed rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2003/09/17/03-23027/voluntary-conversion-of-developments-from-public-housing-stock)
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