DISCLAIMER
The information
regarding the Multifamily Assistance and Section 8 contracts, and properties is
being furnished for the convenience of interested parties. The information has
been compiled from multiple data sources within FHA or its contractors. This information
does not purport to be complete or all inclusive. No representation or warranty,
express or implied, as to any of the information contained in these files is made
by HUD, FHA or any of their respective contractors, representatives or agents,
or any officer, Director, employee, or any of the above. Please
read all of the instructions before using the Download utility.
The Multifamily
Assistance and Section 8 Contracts database is a replacement of the previously
named Section 8 Expiring database. The contents and the structure of the file
have been enhanced, so please also review the Data Element Dictionary (DED). Based
on numerous requests for this data we plan on updating the contents of this file
monthly. Please read the INSTRUCTIONS. *You
must have the referenced commercial software in order to use the download. HUD
does not provide the commercial software. ** This downloadable file is self-extracting
within MS Windows XP, simply click on it through "explorer" or select
"Start, Run" from the task bar and path to wherever you download the
file to. INSTRUCTIONS:
This database
was created to provide HUD partners/clients with a way of measuring the potential
impact of expiring project-based subsidy contracts in their communities. It represents
the most comprehensive picture of project-based subsidies yet developed, but like
any "snap-shot", its usefulness has limits, although, Multifamily plans
to refresh this data on a monthly basis. Below, we give a summary of what to keep
in mind when viewing the information: 1.
Download of the Assistance and Section 8 Contracts - This compressed, (self extracting)
file is offered in Microsoft Access 2007 for Windows XP. It is important to note
that this is a very large file and the speed for completing the download of the
file is dependent on the bandwidth of your Internet Service Provider (ISP) and
the speed of your connection to the internet. The database contains two tables,
one on the contract level, the other on the property level. To see property level
data you must link these two tables by the property id field. 2.
Contract Expiration Data and Units - Please keep in mind that you will often find
more than one contract will share the same property information. The field "assisted_units_count"
, in the contract level table counts the number of units funded in that unique
contract; the term "property_total_unit_count" shows how many units
are in the entire property. A project with 100 units and two 50-units Section
8 contracts would have two records in the contract table and one record in the
property table. 3.
Rent/Fair Market Rents - For each contract, we display the overall average ratio
of gross contract rents to FMR taking into account the number of units and FMR
for each bedroom size. Please note that this ratio is a guide only. In addition,
since FMRs are determined by county and metro area, errors in project address
data may lead to incorrect FMR benchmarks. Lastly, project rents change frequently
and are therefore more subject to error. In creating this database, HUD staff
processed over 24,000 address records and over 70,000 rent records. While considerable
effort was made to assure the accuracy of the data used, absolute certainty is
impossible. 4.
HUD-Held and HUD-Owned Status - The classification of projects as "HUD-Held"
or "HUD-Owned" is based solely on status codes in HUD's accounting systems
and has not been independently verified. For the most current status of a particular
insured mortgage, contact the local HUD Field Office. |