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Regulations and Legislation

Regulations

The final rule implements the legislation that created a Mark-to-Market program through which Section 8 rents for multifamily projects with HUD-insured or HUD-held mortgages will be reduced.

Final rule (pdf file) dated March 22, 2000.


Legislation

The Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA) was enacted to reduce the cost of federal housing assistance, enhance HUD's administration of such assistance, and to ensure the continued affordability of units in certain multifamily housing projects.

Project owners with rents greater than market may request to participate in the Mark- to- Market program authorized by MAHRA. Contracts are renewed at existing rent levels temporarily while the mortgage is being restructured.