HUD Proposes 5-Year Renewals for 202/PRACs
Posted on March 3, 2020 by Jodi Boyne
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.
HUD Proposes 5-Year Renewals for 202/PRACs
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