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.