Contract Renewal Request Form - Multifamily Section 8 Contracts Page 4

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RENEWAL WORKSHEET FOR OPTION TWO
Requesting A Contract Renewal At or Below Comparable Market Rent
I hereby request an INITIAL RENEWAL of my contract. I have attached a Rent
Comparability Study (RCS) and the OCAF Adjustment worksheet. The comparison chart
below reflects the results of the study and compares them to the expiring Section 8 units in my
project.
COMPARISON CHART
(I)
(II)
(III)
(IV)
(V)
(VI)
COMPS
CURRENT
COMPS
CURRENT
UNIT TYPE AND
ESTIMATED
# OF
SECTION 8
ESTIMATED
SECTION 8
CONTRACT/ STAGE
SUBJECT MARKET
UNITS
CONTRACT
SUBJECT
RENT POTENTIAL
NUMBER
RENT POTENTIAL
RENTS
MARKET RENTS
(II X III)
(II X IV)
TOTAL
<
For Option Two, the Total of Column V must be less than
The total of Column VI. * If the total of Column VI is greater than the total of
Column V the project is not eligible to renew under Option Two.
4
form HUD-9624 (7/2008)

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