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What does ACC stand for?

ACC stands for annual contributions contracts

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(1) An annual contributions contract (ACC) is a written contract between HUD and a PHA. Under the ACC, HUD agrees to make payments to the PHA, over a specified term, for housing assistance payments to owners and for the PHA administrative fee. The ACC specifies the maximum payment over the ACC term. The PHA agrees to administer the program in accordance with HUD regulations and requirements.
5 [Title 24 Housing and Urban Development; Subtitle B Regulations Relating to Housing and Urban Development; Chapter I Office of Assistant Secretary for Equal Opportunity, Department of Housing and Urban Development; Subchapter B Employment and Business Opportunity; Part 135 Economic Opportunities for Low and Very Low-Income Persons; Subpart A General Provisions], the term Annual Contributions Contract.
Title 24: Housing and Urban Development CHAPTER IX: OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PART 982: SECTION 8 TENANT-BASED ASSISTANCE: HOUSING CHOICE VOUCHER PROGRAM Subpart D: Annual Contributions Contract and PHA Administration of Program 982. 151 - Annual contributions contract.
(a) Nature of ACC. (1) An annual contributions contract (ACC) is a written contract between HUD and a PHA. Under the ACC, HUD agrees to make payments to the PHA, over a specified term, for housing assistance payments to owners and for the PHA administrative fee. The ACC specifies the maximum payment over the ACC term. The PHA agrees to administer the program in accordance with HUD regulations and requirements.
The public housing program funds low-rent projects owned and operated by public housing agencies (PHAs), subject to terms and conditions contained in an Annual Contributions Contract (ACC) with certain requirements applicable to all project and other requirements applicable to only certain conditions or types of projects. Information collection from PHAs assures compliance with Federal program requirements.