What does ACC stand for?

• A. Annual Coordination Contract
• B. Annual Contributions Contract
• C. Apartment Compliance Contract
• D. Asset Custodial Contract

Answer: (B)

ACC stands for Annual Contributions Contract, the formal agreement between the U.S. Department of Housing and Urban Development and a public housing agency that authorizes the annual funding for the Section 8 program. This contract sets out the funding terms, the responsibilities of the administering agency, and the compliance requirements to keep the program operating under HUD rules. The other terms listed don’t represent the official contract name used in this housing program context, so they aren’t correct in this setting.