Interested in becoming a member? 614.481.6949

HUD Update: Memo on Budget Based Rent Adjustments for Section 202 PRAC Properties

19 March 2020
 March 19, 2020
Category HUD News, News

Following is a HUD Multifamily leadership memo to owners providing their new procedures on budget-based rent adjustments which increase replacement reserve deposits for properties assisted under Section 202 Project Rental Assistance Contract (PRAC). As attendees may recall, the HUD MF team mentioned this memo during their panel discussion at last week’s NAHMA conference.

Please note that HUD has requested that all questions be directed to the property’s Account Executive or Asset Management leadership in the field offices. 

Comments are closed.