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 Multifamily Housing Partners,
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today updated guidance for owners of properties participating in its Section 8 project-based rental assistance (PBRA) program.
The changes published today in Chapter Nine of HUD’s Section 8 Renewal Policy Guidebook are designed to streamline the contract renewal process by making it easier for owners 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.
For additional information, see the press release here.
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