OPG 6.5 OAHP Preservation Office to Owner re-Determination to Di

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

Sample
Mark-to-Market
Form 6.5
Recap Preservation Office to Owner re:
Determination to Discontinue the Restructuring Process
From:

Recap Preservation Office

To:

Owner

Transmission:

Overnight Hard Copy - With Evidence of Receipt

Date:

_________________

Project Name:

__________________________________________________________

FHA Number:

____________________

REMS ID Number

________________

Section 8 HAP Contract Number: _____________________________________________
Dear

(Owner):

After a thorough review, Recap has determined that the Restructuring Process for the subject
property will be discontinued effective immediately. We have discussed our concerns and
conclusions with (PAE) and the HUD Hub/Program Center.
The basis for this determination is:
______________________________________________________________________________
_____________________________________________________________________________
______________________________________________________________________________
You may appeal this Determination to Discontinue the Restructuring process. Your appeal must
be in writing, must be received by Recap within 30 calendar days after your receipt of this letter
and must contain the factual basis for your appeal. Please be as specific as possible (address
comparables used, adjustments made, findings made, etc.) and include appropriate supporting
documentation as necessary.
[If the rents have not already been reduced to market and if a Contract is being offered]
Attached is a new Section 8 HAP Watchlist Contract and a Certification of Reduction in Rents.
The new Contract will take effect at the expiration of your current HAP Contract (date). The
market rents reflected in the new contract are as follows:
0 Bedroom:

_________

1 Bedroom:

_________

2 Bedroom:

_________

3 Bedroom:

_________

4 Bedroom:

_________

September 30, 2004

Form 6.5, Page 1

Sincerely,
Recap Preservation Office Director
cc:

Recap HQ
PAE
HUD Multifamily Hub or Program Center

Public reporting burden for this collection of information is estimated to average 3 hours 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, 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.
September 30, 2004

Form 6.5, Page 2