Purpose

Are you confident that your staff understands the complicated Section 8 project-based renewal process? Early planning and preparation are essential! Don’t miss our newest class, Managing Multifamily HAP Contracts. Nan McKay & Associates is the only training company currently offering this type of training.

Education and preparation are the two key components to ensure a timely and effective contract renewal. Understanding the terms of the initial HAP contract, options available to your specific property, and long term goals for the units are the pillars of a solid contract renewal. Early planning and preparation will provide a seamless and timely submission and review, and will secure a renewed contract without interruption in payments of HAP.

In this class we will cover:

• What is involved in the renewal process 
• Submission timing and requirements 
• Rent comparability studies 
• Rent adjustments during the contract terms 
• A detailed review of the six options available to traditional PBRA properties 
• Termination of the contract and steps involved 
• Residual receipts 
• Tenant issues and related required notices 
• Physical condition requirements 
• Section 8BB transfer of budget authority 
• Comparison of the types of assistance at a project
• Rent adjustments
• Section 8 bb transfers
• Tenant issues
• Program compatibility studies
• Residual receipt accounts

We will also walk though a case study of a property ready for renewal and discuss: the process for reviewing the original HAP contract, how to determine what options are available, review of budget and property position, long term goals for the property, and what options and terms might be best.

Learning Outcomes

Upon completion of Managing Multifamily HAP Contracts, you should be able to:

• Identify the key program elements, requirements, regulatory agencies, and documents used to renew expiring HAP contracts 
• Identify important timeframes and deadlines for submission of documentation 
• Recognize the options for renewal depending on the contract and each specific property 
• Describe each option and the requirements for submission 
• Identify the key program elements, requirements, and regulatory agencies and documents used to request annual rent increases for contracts still in their term 
• Recognize the regulations for production and submission of rent comparability studies when required for contract renewal submission 
• Describe requirements and timeframes for tenant notification 
• Recognize the eligibility requirements, general requirements, and submission process for a request of transfer of budget authority under Section 8(bb) of the housing code 
• Identify the different types of assistance provided to residents and programs that are tenant-based versus project based 
• Recall the process of converting HAP contracts for PRAC, 202/811 
• Recognize the process for converting mod rehab properties through the RAD program to either project-based vouchers (PBV) or project-based rental assistance (PBRA) 
• Describe HUD accounts, such as residual receipts and replacement reserves, and how they factor into the renewal and rent adjustment processes 
• Recognize the options for rent setting above fair market rent (FMR) and any special considerations associated

Seminar #101-019

AGENDA: View the agenda
METHOD: A group-live seminar featuring PowerPoint, case studies, group discussion, course book, and Q&A
LENGTH: Two days
AUDIENCE: All staff
PROGRAM LEVEL: Basic knowledge of housing programs and issues
PREREQUISITES: None
ADVANCED PREPARATION: None
FIELD OF STUDY: Specialized Knowledge
CREDITS: CPE Units = 17
Nan McKay & Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasbaregistry.org. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
CPE Sponsor ID# 101539

REGISTER: Fill out the PDF registration form and email to sales@nanmckay.com. Or select the seminar you'd like to attend from the list of locations and dates below to order online.

By registering for and attending this training, you agree that you will not copy, share, post, or otherwise disseminate training or exam materials, including but not limited to posting on the internet, internal network, shared drive, or other publicly accessible means of access. Unauthorized distribution of NMA materials may result in the loss of your certification and/or legal action. Hotel Recommendations: Please note that these are only recommendations. We also recommend asking for the government rate when booking rooms at any hotel. Cancellations: If you are unable to attend this seminar, you may send a substitute or receive a credit toward a future seminar, to be attended within a one-year period. If you are unable to attend, you must notify NMA in writing at least 60 calendar days prior to the start date of the seminar. If you do not notify NMA in writing, you are responsible for the entire registration fee. If you cancel less than 60 days prior to the start date of this seminar, a cancellation fee of $150 will be assessed. Substitutions must be in writing on company letterhead with the seminar name, location and attendee name, and received by NMA prior to the seminar start date. NMA reserves the right to cancel a seminar at any time. If a seminar is canceled by NMA, registration fees will be refunded or credited in full. NMA is not responsible for airfare, lodging or other related expenses. Please plan ahead by purchasing refundable airfare. Retaking Exams: Exam retake options vary; call for details. You are permitted to fail an exam three times before you are required to retake the seminar. NMA reserves the right to change any policies or pricing at any time and in its sole discretion. For more information regarding refund, complaint and program cancellation policies, please contact our offices at 800.783.3100.