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Section 8(bb) Preservation Tool

Section 8(bb) of the United States Housing Act of 1937 (42 U.S.C. 1437f(bb)) provides HUD with a tool for preserving budget authority for project-based rental assistance (PBRA) under Section 8. Under Section 8(bb), if a PBRA Housing Assistance Payments (HAP) contract is terminated or expires and is not renewed, HUD is authorized to transfer any remaining budget authority to either a new or an existing PBRA HAP contract to provide assistance to eligible families, including those receiving project-based assistance at the time of the contract termination, under terms and conditions prescribed by HUD.

To execute an 8(bb) transfer, HUD’s current policy is that the owner of the transferring property (Owner A) must identify the property to which the budget authority will be transferred. The owner of the project to which the budget authority is transferred (Owner B) must agree to accept the budget authority. Owner A’s request to transfer the budget authority under Section 8(bb) will be reviewed by HUD to determine if it complies with Housing Notice H 2015-03 and subsequent guidance.

List of Potential Recipient Properties (Property B) for 8(bb) Transfer

The Office of Multifamily Housing is compiling a centralized list of properties whose owners have submitted letters of interest indicating a desire for their project to be considered as a potential recipient of Section 8 Project Based Rental Assistance (PBRA) through the Section 8(bb) authority.

This webpage makes the list available to owners who are interested in transferring their PBRA budget authority. This information may also be considered by the Department in instances where an 8(bb) transfer is being pursued in the context of a HUD enforcement action. Please note, participation in a Section 8(bb) transaction shall in no way be limited to the properties on this list.

Links to download list of potential receiving properties for transfer of Section 8 Project Based Rental Assistance:

Disclaimer: HUD has not determined the eligibility of the properties on this list for the transfer of Section 8 PBRA budget authority via 8(bb).

Excel format (11/29/2017)

Instructions: After downloading the Excel document, use the filter on the state code column to view the list of potential receiving properties in the same state as the transferring property.

Letter of Interest Submission Instructions

To be placed on this list, HUD invites owners of multifamily properties to submit letters of interest. Owners are encouraged to review the eligibility requirements in Notice H 2015-03 before submitting their letters of interest. Letters of interest must be submitted by email to the following addresses, depending on the state where the properties are located:

REGION
CONTACT INFORMATION

Northeast Region:

Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia

northeast8bb@hud.gov

Southeast Region:

Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, Puerto Rico, South Carolina, Tennessee, Virgin Islands

Southeast8bb@hud.gov   

Midwest Region:

Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin

CHI.8BB@hud.gov

Southwest Region:

Arkansas, Iowa, Kansas, Louisiana, Missouri, Nebraska, New Mexico, Oklahoma, Texas

MFSW8bb@hud.gov

 

West Region:

San Francisco: Alaska, California, Hawaii, Idaho, Nevada, Oregon

Denver: Arizona, Colorado, Montana, N. Dakota, S. Dakota, Utah, Washington, Wyoming

SF.Incoming@hud.gov & Den.Incoming@hud.gov 

In the subject line, include the property name and “8(bb) letter of interest” 


HUD is accepting letters of interest on an ongoing basis with no termination date. Please submit the following information:

  1. Your consent to HUD to provide the name and address of your property and other relevant information about the property, as well as the contact information, with owners who are seeking to terminate their Section 8 HAP contract, in whole or in part, and transfer the remaining budget authority to another project(s).
  2. The name and address (including county and state) of the property(ies) where you would like to receive Section 8 PBRA budget authority.
  3. If the properties are HUD-affiliated, provide the FHA number, HAP contract number, and/or iREMS ID number.
  4. Individual contact information for any 8(bb) inquiries.

For general questions about 8(bb) transfers, please contact your Multifamily field office account executive or send an email to InsuranceTerminationRequests@hud.gov. (Please do not send letters of interest to this mailbox.)

Current as of 11/20/2017