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Option 3b  

Option 3B

Option 3B (Full) is for a project that is not identified as an "exception project" and is looking for renewal of the contract with restructure of the mortgage and reduction of Section 8 contract rents to comparable market rents.

Refer to HUD's Section 8 Renewal Policy Handbook for more information and to determine project eligibility and complete submission requirements.

 

 

Submission Requirements:

  • Contract Renewal Request Form (HUD Form 9624) Option 3B Renewal Worksheet
  • Utility Allowance Analysis, if applicable
  • RCS, if applicable
  • Tenant 1 year Notification of Renewal Letter


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