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Annual HUD contracts with public housing authorities. The ACC provides housing authorities with payments towards rent, debt service and modernization. It is renewed each year, adjusted for the housing authority's eligible need and availability of appropriated funds.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

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Annual Contribution Contract (ACC)

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Annual contracts with public housing authorities for payments towards rent, debt service and modernization.