HAP/PRAC Contract Renewal

  • Prepare HAP Contract renewal package including evaluating the renewal options available, recommending a renewal strategy and preparing all required exhibits except Rent Comparability Studies
  • Prepare required notices to tenants and HUD regarding contract renewal status
  • Prepare Operating Cost Adjustment Factor (OCAF) and Budget Based rent adjustments
  • Prepare budget based PRAC Contract renewal packages
  • Update owners on changes in HUD Rules / Regulations regarding HAP/PRAC Contract renewal
  • Develop and implement training plans to address identified issues