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HUD is currently accepting public comment on numerous documents affliliate with the Section 8 Renewal Policy Guidebook.
The documents in the link below have been updated to reflect a number of changes to the Section 8 Renewal Policy Guidebook.
The documents HUD is proposing revisions to and is requesting comments on include :
· Contract Renewal Request Form (HUD9624)
· OCAF Rent Adjustment Worksheet (HUD9625)
· Auto-OCAF Letter Option One and Three, (HUD9626)
· Auto-OCAF Letter Option Two and Four (HUD9627)
· Request to Renew Using Non-Section 8 Units in the Section 8 Project as a Market Rent Ceiling (HUD9629)
· Request to Renew Using FMRs as Market Ceiling (HUD9630)
· Use Agreement (HUD9634)
· Projects Preparing a Budget-Based Rent Increase (HUD9635)
· Basic Renewal ContractOne Year Term (HUD9636)
· Basic Renewal ContractMulti-Year Term (HUD9637)
· Renewal Contract for Mark-Up-To- Market Projects (HUD9638)
· Housing Assistance Payment Preservation Renewal Contract (HUD 9639)
· Interim (Full) Mark-to-Market Renewal Contract (HUD9640)
· Interim (Lite) Mark-To-Market Renewal Contract (HUD9641)
· Full Mark-To-Market Renewal Contract (HUD9642)
· Watch List Renewal Contract (HUD9643)
· Project Based Assistance Payments Amendment Contract Moderate Rehabilitation (HUD9644)
· Consent to Assignment of HAP Contract for Freddie Mac Financing (HUD 9648A)
· Consent to Assignment of HAP Contract as Security to FNMA as Security for FNMA Credit Enhancement (HUD 9648D)
· Consent to Assignment of HAP Contract as Security for Financing (HUD9649)
· Consent to Assignment of HAP Contract as Security for FNMA Financing (HUD9651)
The documents can be accessed through a zip file, located here: http://www.nahma.org/member/New%20HUD%20Docs/Draft%20Section%208%20Renewal%20Docs.zip
Please note that you will require a program, such as WinZip or Winrar, in order to open the file and access the pdf documents.
The zip file is also available on NAHMAs HUD Website under the Section 8 Renewal Policy Guide Heading, located here: http://www.nahma.org/member/hud.html#sec8
As a reminder, the revisions to these documents reflect the following changes to the Section 8 Renewal Policy Guide:
· Ending HUDs policy of allowing properties to extend multi-year contracts;
o Properties must now renew their contract with a mandatory 20 year term, plus the remaining years left on the original contract;
· Eliminating Note 1 following Section 3-2 D;
· Requiring the use of current debt service in an Owners budget-based rent increase request for Option 4;
· Permitting the rent adjustments in multi-year Option 4 contracts using a budget basis only if the proposed rents do not exceed comparable market rents; and
· Removing language in Chapter 16 Other Issues that requires original debt service to be used in budget-based rent increase requests in Option 4 to make it consistent with the language in Chapter 6.