HUD Contract Renewal Assistance

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USHC Can Assist You in Preparing Your HUD Contract Renewal, Budget Based Rent Increase, OCAF Increase, or Mark to Market Application

U.S. Housing Consultants can assist your property in preparing for your contract renewal for Section 8 Properties. USHC will complete the HUD 9624 Contract Renewal Form, the HUD-9625 OCAF Adjustment Worksheet, and the 92457-A Budget Worksheet.

Are you receiving the rent amount sufficient for your property? Are your rents so low that your property is not functioning to its fullest potential?

Are you getting as much out of your HUD Contract as you could?

You may be eligible for a larger rent increase by utilizing a budget based rent increase instead of taking the OCAF adjustment (see the OCAF Level in your state by clicking here). OCAF Adjustments are only increasing rent rates by an average of 3-5%, and this rent may not be sufficient to cover your basic operations, as the cost of operating properties has increased quickly ahead of OCAF rates.

·         Budget Based Rent Increase and Contract Renewal

·         Contract Renewal and OCAF Adjustment

·         Mark to Market Rent Restructuring

We can also assist you in preparing your budget and rent increase requests for a 202/811 PRAC, ensuring that your submission package will be accepted with as little argument as possible.

·         HUD Form 9624 Contract Renewal Form

·         HUD Form 9625 OCAF Adjustment Worksheet

·         HUD Form 92457-A Budget Worksheet

·         Notice of Rent Change to Residents and Request for Comment

·         Summary of Resident Comments (If Any)

·         Cover Letter for Budget Based Rent Increase with Line Item Explanation

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Service Type

Costs

Basic Contract Preparation

$500.00

Contract Preparation (Additional Time)

$125.00 Per Hour

Other Costs

Travel Fees

Actual Costs


For Information About USHC Appeals Services, Please Contact Dan Biron (click on link for email) or at our office at 603-223-0003

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Useful Resources for HUD Contract Renewal and Rent Increase

 

v Required Items for Budget Based Rent Submission

v HUD 9624 Contract Renewal Form

v HUD 9625 OCAF Worksheet

v HUD 92457-A Budget Worksheet

v Standard Notice of Rent Change to Residents

v Certification of Reasonableness of Expenses

You will need to provide us with the following:

·         A Profit and Loss Report as of the end of the last Fiscal year

·         A Profit and Loss Report as of the end of the preceding month

·         A copy of your current HUD Contract or last HUD 9624 Renewal Form

·         The Current Approved HUD Rent Schedule

·         Your Current Budget (if Available, if not, we will generate the budget from P&L and Financial Statements)

·         Last Three Years of Audited Financial Statements

·         A Current Rent Comparability Study (RCS), if within 5 Years of the due date for the Contract Renewal

931 First New Hampshire Turnkpike
P.O. Box 465

Northwood, NH 03261

Main Office: (603) 223-0003

Toll Free: (877) 228-0003

Fax: (603) 218-6496

Email: info@us-hc.com