Last week, The U.S. Department of Housing and Urban Development (HUD) issued notification that owner/agents can download an updated Section 8 Renewal Policy Guide (published March 2023)for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) programs.
The changes published in Chapter Nine of HUD’s Section 8 Renewal Policy Guidebook are designed to streamline the contract renewal process by making it easier for owner/agents to prepare and submit the Rent Comparability Studies that are used to establish contract rents.
The changes also clarify the conditions under which such rents may reflect the value of providing services to residents.
HUD also published a new resource providing Median Rent by Zip Code (as of March 9, 2023).
Additional HUD resources related to Section 8 contract renewal can be found on HUD’s web site.
We have released our first HOTMA training offering - HOTMA - Multifamily Housing at a discounted price of $50.00 per person. For those of you who have taken the class, thanks so much for the positive feedback. We know this is the perfect first step to help compliance teams develop HOTMA rollout plans.
We'll be sure to let you know as we add new resources to the HOTMA Resources page. And, coming soon, a whole new addition of HOTMA FASTForms.