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HUD Publishes Updated Guidance for Section 8 Rent Comparability Studies

Monday, March 27, 2023 - 11:30AM

The U.S. Department of Housing and Urban Development (HUD) today published updated guidance for the Section 8 project-based rental assistance (PRBA) program. The updates–part of Chapter 9 of HUD’s Section 8 Renewal Policy Guidebook–are designed to make it easier for owners to prepare and submit rent comparability studies that help establish contract rents. The updates revise options for owners seeking to renew their contracts without a rent comparability study (when eligible) to reduce administrative and processing costs; enhance consistency in valuing non-shelter services to better supporter properties with services to residents; and allow internet and broadband services to be considered eligible non-shelter services for valuation purposes.

Novogradac’s Introduction to HUD Multifamily Rental Housing Programs provides an introduction to HUD multifamily rental programs most frequently used by multifamily affordable housing developers, including PBRA Section 8.

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