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Budget-based rent adjustments

A memo from the Multifamily Deputy Assistant Secretary C. Lamar Seats, to owners outlining our new procedures related to budget-based rent adjustments which increase replacement reserve deposits for properties assisted under Section 202 PRAC.

Dear Multifamily stakeholders:
 
Click here for a memo from the Multifamily Deputy Assistant Secretary C. Lamar Seats, to owners outlining our new procedures related to budget-based rent adjustments which increase replacement reserve deposits for properties assisted under Section 202 PRAC.
 
Multifamily' s Office of Asset Management and Portfolio Oversight is pleased to share this document implementing the updated guidance for the PRAC portfolio.  If there are questions, they should be referred to the property's Account Executive or Asset Management leadership in the field offices. 

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