OPG 3.2 Sample-Notice to Potential Purchasers

OMB No. 2502-0533
(Exp, xx/xx/xxxx)

Sample
Mark-to-Market
Notice to Potential Purchasers

Form 3.2

(Date)

To: All Interested Parties
From:

(Project Owner)
(Project name and address )
(Project Number)
(Section 8 Expiration Date)

The property known as (Project name)
at
(Project address) is being
offered for sale. (Describe the project, including use restrictions.)
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
Under the Mark-to-Market Program, this sale is a:
ž

voluntary sale, and any bona fide offer to purchase the property can be
immediately considered.

ž

mandatory sale, and the owner can accept purchase offers only from priority
purchaser groups (defined as tenant organizations, tenant-endorsed communitybased nonprofit organizations, and tenant-endorsed public agency purchasers)
for the four months from (date of this Notice)
to (ending date of the 4
month priority purchase period). At the end of this period, any bona fide offer
to purchase the property can be considered.

To submit an offer for this property, you must (describe procedure for submitting offers)
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
Questions about this notice may be directed to (contact name and phone number for
owner) or (contact name and phone number for PAE).

September 30, 2004

Form 3.2, Page 1

Public reporting burden for this collection of information is estimated to average 0.5 hour per
response, including the time for reviewing instructions, searching existing data sources,
gathering and maintaining the data needed, and completing and reviewing the collection of
information. This information is required to obtain benefits. The office of Multifamily Housing,
Office of Affordable Housing Preservation 451 7th Street SW, Room 6216 6230 Washington,
DC 20410. HUD may not collect this information, and you are not required to complete this
form, unless it displays a currently valid OMB control number. Title V of the Departments of
Veterans Affairs and Housing and Urban Development and Independent Agencies
Appropriations Act of 1988 (P.L.106 65, 111 Stat. 1384) authorizes the FHA Multifamily
Housing Mortgage and Housing Assistance Restructuring Program. HUD implemented a
statutory permanent program directed at FHA-insured multifamily projects that have projectbased Section 8contracts with above- market rents. The information collection is used to
determine criteria eligibility of FHA-insured multifamily properties for participation in the Mark
to Market program and the terms on which participation should occur. The purpose of the
program is to preserve low-income rental housing affordability while reducing the long-term
costs of Federal rental assistance. While no assurances of confidentiality are pledged to
respondents, HUD generally discloses this data only in response to a Freedom of Information
request.