OPG 3.2 Sample-Notice to Potential Purchasers

OMB No. 2502-0533
(Exp, 12/31/2017)

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 Recapitalization 451 7th Street SW, Room 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.105-65, 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 project- based Section 8contracts with abovemarket 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.