Tuesday Tip: Contract Renewal Changes Two

Posted On: May 23, 2023

In this week’s #TuesdayTip, we conclude our series on HUD’s changes to the contract renewal process.

Nitira also shares the following reminders about the new changes:

  • Effective May 1, 2023
  • Proposed Section 8 Rents will include utility amounts
  • Owners outside of metropolitan areas can use Fair Market Rents
  • Eligibility for method one depends on proposed section 8 rent potential. It must be less than the Small Area Fair Market Rent.
  • HUD 9630 Form is required for this request.
  • HUD 9629 Form is required for this request
  • Click Here to read through the complete changes of the contract renewal process.
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