Fully Understanding HAP Contract Renewals and Rent Adjustments
Your multifamily property’s Project-Based Section 8 HAP (PBS8) Contract expires at year-end. So, how well do you understand the contract renewal options consistent with HUD Section 8 Renewal Policy? Does your expiring contract qualify for renewal under the Mark-Up-to-Market (MUTM) option? Will the renewal application require a Rent Comparability Study? Will rent adjustments in subsequent years be subject to Operating Cost Adjustment Factor (OCAF) or budget-based rent adjustment (BBRI)? If your day to day job responsibilities involve developing and implementing strategies to maximize your PBS8 contact, this back-to-basics webcast is for you.
Join host Vinnie Viola and special guests Nicole Walls and Angela Garland of Quadel Consulting & Training for an insightful discussion of the various options and requirements for PBS8 contract renewals in a two-hour live training. Nicole and Angela, as Managing Director and Contract Renewal Manager, respectively, for Quadel’s performance-based contract administration team, manage an extensive caseload of contract renewals for the States of Indiana and North Carolina in liaison with Indiana Housing and Community Development and the North Carolina Housing Finance Agency. They will highlight key sections in HUD’s Section 8 Renewal Policy Guide and offer practical tips to help ensure success with your next PBS8 contract renewal application. Contact Vinnie with questions about this training at firstname.lastname@example.org or 617-905-6340.