15. A. Purpose. This transmittal updates the Section 8 Renewal Policy guidebook. The revisions are being published on August 7, 2015. E.2). 19. Provide modifications to Chapter 7 of Handbook 4350.1 concerning budget-based rent increases for MAHRA contracts. (Section 2-15).
The Rent Comparability Study (RCS) that is required must be prepared in accordance with Chapter Nine of the Section 8 Renewal Policy Guide. . but the property is being sold to an eligible non-profit (as detailed in Chapter 15 of the Section 8 Renewal Policy Guide), the Owner may request a renewal under this Option.
HUD has posted their draft changes to the Section 8 Renewal Guide online. HUD is seeking comments on the changes made to the renewal guide. D.1.a.2);; Provide modifications to Chapter 7 of Handbook 4350.1 concerning budget-based rent increases for MAHRA contracts (Section 2-15);; Add new section that
New Section 8 Renewal Policy Guide (published June 2017) · MAP Appraisal in Lieu of HUD RCS · New 140% of Census Median Rent by Zip Code Table (December 2017) Effective for any RCS signed by the appraiser on or after February 11, 2018. Forms Associated with Section 8 Renewals. Rent Comparability Studies.
Michigan Multi-Family Asset Managers. Objective. 1. Recognize options available to property owners to renew their expiring Section 8 contract. 2. Identify the rent adjustment methods available under each renewal option.
19 Jul 2016 If the project meets any of the 3 discretionary criteria listed in Section 3-6 of the Guide, then they can qualify for a MU2M. This section in chapter 3 and a corresponding section in chapter 15 will be revised. To qualify under “discretionary criteria," the project must meet any one of the following criteria:.

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January 2025