NAHMA HUD Update: Training Video for Revised Chapter 9 of Section 8Renewal Policy GuideDecember 9, 2016 Below, please find additional information from HUD regarding the rent comparability studies (RCSs) update, including a link to a training video. The revisions to Chapter 9 of the Section 8 Renewal Policy Guide go into effect on March 1, 2017. On December 1, 2016, HUD issued substantial revisions to Chapter 9 of the Section 8 Renewal Policy Guide. This chapter provides technical guidance to appraisers and reviewers. The updated policies will go into effect for rent comparability studies signed by the appraiser on or after March 1, 2017.
This final version of Chapter 9 includes HUD's comprehensive technical guidance for creating rent comparability studies using a more market-based approach as part of the rent-setting mechanism under the Multifamily Assisted Housing Reform and Affordability Act (MAHRA). The Department has undertaken a number of initiatives to improve the development and review of rent comparability studies, and this revised Chapter 9 is the last in the package of reforms. The changes to Chapter 9 include:
|