Section 15-185-97 - Agreement to enter into housing assistance contract(a) The corporation shall enter into an agreement with the selected project owner prior to the start of any new construction or rehabilitation.(b) After the agreement has been executed, the owner shall promptly proceed with the construction or rehabilitation work as provided for in the agreement. If the work is not promptly commenced, diligently continued, or completed, the corporation may terminate the agreement or take other appropriate action.[Eff DEC 03 2001] (Auth: HRS § 2010-15) (Imp: HRS § 201G-15; 24 C.F.R. § 983.101; Pub. Law 106-377, 114 Stat. 1441)