Section S8-14 - Vacancy loss payments(a) The authority may provide an additional payment to the landlord or owner in the amount of one month of the contract rent for a verified vacancy.(b) The authority shall only process the vacancy loss payment to the landlord or owner after the execution of a HAP contract between the landlord or owner and the authority.(c) A landlord or owner participating in the vacancy loss incentive shall not be eligible to receive at the same time an additional payment from the signing bonus incentive as set forth in section S8-10.(d) The authority may reduce the maximum possible reimbursement or suspend or terminate the vacancy loss incentive based on the amount of funding available for this incentive.Eff 3/16/2023 (Auth: HRS § 356D-13, SLH 2022, Act 287, §2) (Imp: SLH 2022, Act 287, §2)