A component of the M2M program, Post M2M addresses the processing of owner requests to refinance or to sell a property that has received the benefits of a debt restructuring under M2M or M2M Program’s predecessor program, the Portfolio Reengineering Demonstration Program (Demo Program). This also applies to applications for either debt assumption or forgiveness for a non-profit qualified by HUD for such benefits (QNP). These procedures require coordination between the Office of Recapitalization (Recap) and other staff within Multifamily Housing (typically Field Office staff). All inquiries and requests related to Post Mark-to-Market (Assumption Subordination and Qualified Non Profit) transactions, which have been traditionally mailed and/or emailed should be submitted electronically to PostM2M@hud.gov. Post M2M Processing documentation is also available:
The Mark-to-Market (M2M) program preserves affordability and availability of low income rental multifamily properties with federally insured program. The purpose of M2M is to reduce rents to market levels by restructuring existing debt to levels supportable by these rents.The Green Initiative is also available through this program to assist owners in rehabilitating their properties in the most sustainable way feasible.
In order to participate in the M2M program, owners/projects are required to meet the eligibility criteria in the diagram below.