|
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)
- 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.
|