HUD Invites Comments on Mark-to-Market Program
The U.S. Department of Housing and Urban Development (HUD) today invited industry comments about the Multifamily Housing Mortgage and Housing Assistance Restructuring (Mark-to-Market) Program. The Mark-to-Market Program reduces Section 8 rents to market and restructures debt as necessary to preserve low-income rental housing affordability while reducing the long-term costs of federal rental assistance and minimizing the adverse effect on the FHA insurance funds. HUD is seeking comments on Forms HUD-9624 and HUD-9625, which are used to determine the eligibility of FHA-insured multifamily properties for participation in the program and the terms on which participation should occur. Click here for a copy of the notice and details about submitting comments.