SECTION 330:1-7-1. Federal standards

  OHFA administers various rent subsidy programs under agreements with the United States Department of Housing and Urban Development (HUD). In connection therewith the procedures for the administration of such HUD programs, as well as the development of programs of a similar nature which OHFA may administer in the future, are prescribed generally by Section 8 of the United States Housing Act of 1937, as amended ("Section 8 Programs"). In order to effectively administer these programs, as well as future Section 8 Programs, OHFA hereby incorporates the federal regulations and forms adopted by HUD for administering such programs, as now exist or may be adopted or amended in the future from time to time. These regulations include: Code of Federal Regulations; HUD Handbooks and Policy Memoranda governing Section 8 Programs; HUD Annual Contribution Contracts; and Administrative Plans implementing Federal Statutes and HUD regulations.