HUD Proposes 5-Year Renewals for 202/PRACs

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LeadingAge is seeking feedback from affordable housing providers on a proposal to transition five-year Section 202 Project Rental Assistance Contracts (PRACs) from their current annual renewal cycle with budget-based rent increases to a five-year renewal cycle subject to annual appropriations with an operating cost adjustment factor.

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HUD Proposes 5-Year Renewals for 202/PRACs

This article is available to LeadingAge MN members only.

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