RHIIP Listserv Posting #409 - Updated Section 8(bb) Frequently Asked Questions
Friday, June 15, 2018
Updated
Section 8(bb) Frequently Asked Questions (FAQs)
On
June 14, 2018, the Office of Multifamily Housing Programs issued new answers to
a number of recently asked questions on transferring budget authority under
Section 8(bb). The new FAQs address questions about 8(bb) transfers in
which Owner B requests a 20-year renewal contract of Contract B under Option
Two on the basis of a budget.
The
revised FAQ document (see link below) supersedes the FAQs issued on December 19,
2016. Indicated in the revised document are three new FAQs and three previously
published FAQs with minor technical revisions.
As
the Office of Multifamily Housing formulates additional responses to questions
about 8(bb) transfers, the Office will issue updates to this document. For more
information on how the policies impact a particular project, please contact
your Account Executive in your regional office.
FAQ DOCUMENT