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What's New
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August 5, 2009: The Status Reports have been updated. |
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OAHP
generates status reports regarding the projects participating in
the Mark-to-Market (M2M) program, an
innovative program to reduce rents to market levels and will restructure
existing debt to levels supportable by these rents.
Status
Reports
- The M2M Status Report provides the total counts of all
M2M properties including a comparison of the current counts versus
the counts from the previous four-week timespan. (PDF)
- The Participating Administrative Entity (PAE) and Assigned
Property Status Report provides the progress of each M2M property
by PAE. (PDF
/ Excel)
- The Housing Assistant Payment (HAP) Extension Report
lists the M2M properties that have been approved for an extension
on the Section 8 contract beyond one year. HAP Extension are granted
where: 1. There has been a delay in assigning the property to
a PAE, or when a property has been reassigned to another PAE;
AND/OR 2. The assigned property encountered delays in the restructuring
processing on the part of the PAE, OAHP, or another HUD office,
and through no fault of the owner; AND/OR 3. The HUD Field Office
and OAHP agree that a reduction of rents to market would adversely
affect a restructuring plan for the property; AND 4. The owner
continues to demonstrate good faith and is fully cooperating in
the M2M rent or debt restructuring process. For more information
on HAP extension see OAHP's Waiver
Policy. (PDF)
OAHP
Compliance Reports
Final
Report on Compliance Audits and Agreed-Upon Procedures Reviews of
Participating Administrative Entities is now available in
Adobe
PDF and MS-Word format.
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