Webinar – Fully Understanding Section 8 HAP Contract Renewals and Rent Adjustments

June 26, 2018 @ 2:00 pm – 4:00 pm
Nicholas Murphy

Thursday, June 26, 2018
2:00 PM to 4:00 PM EDT
Collaboration with Quadel Consulting & Training and Birch Island Real Estate Consulting

About This Training
Your multifamily property’s Project-Based Section 8 HAP (PBS8) Contract expires at year-end. So, how well do you understand the contract renewal options consistent with HUD Section 8 Renewal Policy? Does your expiring contract qualify for renewal under the Mark-Up-to-Market (MUTM) option? Will the renewal application require a Rent Comparability Study? Will rent adjustments in subsequent years be subject to Operating Cost Adjustment Factor (OCAF) or budget-based rent adjustment (BBRI)? If your day to day job responsibilities involve developing and implementing strategies to maximize your PBS8 contact, this back-to-basics webcast is for you.

Join host Vinnie Viola and special guests Nicole Walls and Angela Garland of Quadel Consulting & Training for an insightful discussion of the various options and requirements for PBS8 contract renewals in a two-hour live training. Nicole and Angela, as Managing Director and Contract Renewal Manager, respectively, for Quadel’s performance-based contract administration team, manage an extensive caseload of contract renewals for the States of Indiana and North Carolina in liaison with Indiana Housing and Community Development and the North Carolina Housing Finance Agency. They will highlight key sections in HUD’s Section 8 Renewal Policy Guide and offer practical tips to help ensure success with your next PBS8 contract renewal application. Contact Vinnie with questions about this training at vinnie@birchislandrec.com or 617-905-6340.

A)  Owner/Agent Submission Requirements with Form HUD 9624
B)  What Renewal Term Should You Consider?
C)  Submitting Your Renewal on Time
D)  Options for Renewal of Expiring Contracts
One – Mark-Up-to-Market
Two – Projects w/Current Rents At/Below Comparable Market Rents
Three – Referral to Office of Recapitalization
Four- Renewal of Projects Exempt from/not Eligible for Debt-Restructure
Five – Renewal of Portfolio Reengineering Demo or Preservation Projects
Six – Opt-Outs

E)  OCAF and  Budget-Based Rent Adjustments
F)  Example Federal Register – Notice of Certain OCAF for 2018
G)  Tips for Successfully Renewing Your HAP Contract

Is This Training for Me?
This training is intended for multifamily professionals with responsibility for evaluating project-based Section 8 contract renewal options and maximizing Housing Assistance Payments and other benefits:

  •  ​Project Owners, Operators 
  • General Partners & Managing Members
  • Senior Property Management Statt
  • Multifamily Asset Managers
  • Property Compliance Staff
  • HUD, State Housing Agency & PHA Staff

About the Presenters
Nicole Walls, Managing Director at Quadel Consulting & Training (bio pending)

Angela Garland, Renewal Contract Manager at Quadel Consulting & Training (bio pending)

​​Vinnie Viola, HCCP, MPA, is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting services and live and web-based training to owners, developers, operators and investors of multifamily housing funded with Low-Income Housing Tax Credit (LIHTC) equity. With 25 years of broad experience, Mr. Viola has worked in for-profit, government and not-for-profit organizations that invest in, manage and regulate affordable housing. His career includes ten years in various leadership roles at Boston Financial Investment Management and Boston Capital, through which he gained expertise with asset management best practices and IRS’ Section 42 program. Mr. Viola has asset managed thousands of rental units in hundreds of investment partnerships, comprising nearly $1 billion in investor contributed equity. Mr. Viola earned a Bachelor of Arts in Geography from the University of Massachusetts Boston and a Master of Public Affairs from the University of Texas at Dallas. Mr. Viola is a member of NH & RA’s Asset Management Council, a unique peer network that convenes affordable housing executives from multifamily development firms as well as syndicators, tax credit investors and lenders, to develop operational best practices.


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