DRAFT Revised Section 8 Renewal Policy Guide Affiliated Documents for Public Comment

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 (HUD–9624)

· OCAF Rent Adjustment Worksheet (HUD–9625)

· Auto-OCAF Letter Option One and Three, (HUD–9626)

· Auto-OCAF Letter Option Two and Four (HUD–9627)

· Request to Renew Using Non-Section 8 Units in the Section 8 Project as a Market Rent Ceiling (HUD–9629)

· Request to Renew Using FMR’s as Market Ceiling (HUD–9630)

· Use Agreement (HUD–9634)

· Projects Preparing a Budget-Based Rent Increase (HUD–9635)

· Basic Renewal Contract—One Year Term (HUD–9636)

· Basic Renewal Contract—Multi-Year Term (HUD–9637)

· Renewal Contract for Mark-Up-To- Market Projects (HUD–9638)

· Housing Assistance Payment Preservation Renewal Contract (HUD– 9639)

· Interim (Full) Mark-to-Market Renewal Contract (HUD–9640)

· Interim (Lite) Mark-To-Market Renewal Contract (HUD–9641)

· Full Mark-To-Market Renewal Contract (HUD–9642)

· Watch List Renewal Contract (HUD–9643)

· Project Based Assistance Payments Amendment Contract Moderate Rehabilitation (HUD–9644)

· 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 (HUD–9649)

· Consent to Assignment of HAP Contract as Security for FNMA Financing (HUD–9651)

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 NAHMA’s 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 HUD’s 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 Owner’s 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.