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NAHMA HUD Update: HUD Issues Revised Memo for PRAC Budget Based Rent Adjustments

HUD's Office of Multifamily Housing reissued the Update on Budget Based Rent Adjustment for Properties Assisted under PRACs memo with a correction to paragraph 5. 

HUD's Office of Multifamily Housing reissued the Update on Budget Based Rent Adjustment for Properties Assisted under Project Rental Assistance Contracts (PRACs) memo with a correction to paragraph 5. The original correspondence dated March 12, 2020, referenced monthly per-unit deposit levels rather than annual per-unit deposit levels, as was intended. 
 
The revised Update on Budget Based Rent Adjustment for Properties Assisted under Project Rental Assistance Contracts memo can also be found HERE

Michal Machnowski
Manager of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203
Alexandria, VA 22314
703-683-8630 (ext. 116)
703-683-8634 (fax)
mmachnowski@nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of
multifamily property managers and owners whose mission is to provide quality affordable housing.

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