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NAHMA HUD Update: HUD Issues Notice of Term Increase for Standard Section 202 PRAC Renewals

HUD has recently issued a Notice (attached) that updates the contract renewal procedures and standard renewal contract language for PRACs under the Section 202 Program and Section 811. The Notice also establishes a process to move all Section 202 PRAC properties into contracts with a 5-year term (phased in over the next three years).  
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