24 C.F.R. PART 401--MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET)
TITLE 24--Housing and Urban Development
Subtitle B--REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT
CHAPTER IV--OFFICE OF HOUSING AND OFFICE OF MULTIFAMILY HOUSING ASSISTANCE RESTRUCTURING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SUBCHAPTER I--HUD-OWNED PROPERTIES
PART 401--MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET)
Subpart A--GENERAL PROVISIONS; ELIGIBILITY
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| What is the purpose of part 401?
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| What special definitions apply to this part?
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| Who may waive provisions in this part?
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| How does an owner request a section 8 contract renewal?
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| Which projects are eligible for a Restructuring Plan under this part?
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| Which owners are ineligible to request Restructuring Plans?
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Subpart B--PARTICIPATING ADMINISTRATIVE ENTITY (PAE) AND PORTFOLIO RESTRUCTURING AGREEMENT (PRA)
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| How does HUD select PAEs?
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| Partnership arrangements.
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| PRA administrative requirements.
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| PRA indemnity provisions for SHFAs and HAs.
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| PRA provisions on PAE compensation.
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| PRA term and termination provisions; other remedies.
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| Confidentiality of information.
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| Consequences of PAE violations; finality of HUD determination.
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| Environmental review responsibilities.
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Subpart C--RESTRUCTURING PLAN
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| Required elements of a Restructuring Plan.
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| Cooperation with owner and qualified mortgagee in Restructuring Plan development.
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| Rejection of a request for a Restructuring Plan because of actions or omissions of owner or affiliate or project condition.
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| Proposed Restructuring Commitment.
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| Restructuring Commitment review and approval by HUD.
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| Execution of Restructuring Commitment.
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| Closing conducted by PAE.
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| Affordability and use restrictions required.
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| Standards for determining comparable market rents.
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| Guidelines for determining exception rents.
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| Adjustment of rents based on operating cost adjustment factor (OCAF) or budget.
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| When must the Restructuring Plan require project-based assistance?
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| Rental Assistance Assessment Plan.
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| Owner evaluation of physical condition.
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| PAE Physical Condition Analysis (PCA).
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| Property standards for rehabilitation.
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| Modification or refinancing of first mortgage.
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| HUD-held second mortgage.
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| HUD payment of a section 541(b) claim.
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| HUD grants for rehabilitation under section 236(s) of NA.
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| Sale or transfer of project.
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| Subsidy layering limitations on HUD funds.
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| Required notices to third parties and meeting with third parties.
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| Delivery of notices and recipients of notices.
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| Notice requirement when debt restructuring will not occur.
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Subpart D--IMPLEMENTATION OF THE RESTRUCTURING PLAN AFTER CLOSING
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| Monitoring and compliance agreements.
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| Servicing of second mortgage.
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| Contract renewal and administration.
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| Leasing units to voucher holders.
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| Physical condition standards.
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| Property management standards.
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Subpart E--SECTION 8 REQUIREMENTS FOR RESTRUCTURED PROJECTS
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| Contract and regulatory provisions.
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| Will a section 8 contract be extended if it would expire while an owner's request for a Restructuring Plan is pending?
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| Tenant protections if an expiring contract is not renewed.
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| Project-based assistance provisions.
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| Tenant-based assistance provisions.
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Subpart F--OWNER DISPUTE OF REJECTION AND ADMINISTRATIVE APPEAL
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| How does the owner dispute a notice of rejection?
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| When may the owner make an administrative appeal of a final decision under this subpart?
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