All improvements funded under this part shall:
(a)
Meet the modernization standards as prescribed by HUD;
(b)
Incorporate cost-effective energy conservation measures, identified in the PHA's most recently updated energy audit, conducted pursuant to part 965, subpart C;
(c)
Where changing or installing a new utility system, conduct a life-cycle cost analysis, reflecting installation and operating costs; and
(d)
Provide decent, safe, and sanitary living conditions in PHA-owned and PHA-operated public housing.
Code of Federal Regulations
[61 FR 8740, Mar. 5, 1996]