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Section 8 Property

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Sec 8 Property

Sec 8 Property

Seattle at Night

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NOTICE OF FUNDING AVAILABILITY (NOFA)

The decision to award the PBCA contracts has been delayed once again until or before February 22, 2013.   Litigation has been filed in the Court of Federal Claims seeking to prevent HUD from proceeding with the PBCA NOFA.  HUD has agreed not to proceed with making the awards until the Court rules on the matter.

For active PBCA Assigned Section 8 Contracts:

The Management Occupancy Review (MOR) requirements under Performance Based Task #1 in Exhibit A, Section 3.1, of the ACC has changed.  MOR’s are required only for projects with an Unsatisfactory, Below Average, and Satisfactory rating assigned to the last review under the Risk Based MOR approach.  No MOR’s will be conducted for projects with an Above Average and Superior rating assigned to the last review during either 12-month period of the ACC Term.  MOR’s are required for all Mark-to-Market projects without regard to the rating assigned to the last review.

It should also be mentioned that although HUD is in limbo right now for the PBCA awards, properties should be operating in a manner consistent with maintaining acceptable levels of HUD compliance.  Letting your guard down during this period could impact your property’s performance and MOR scores in the future once the PBCA contracts are awarded

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