On October 2, 2024, HUD’s Office of Multifamily Housing sent out the following information and press release:
Today, the Office of Multifamily Housing (MFH) Programs published the Bifurcating Section 8 Contracts chapter to the Multifamily Drafting Table for public comment, kickstarting the first set of comprehensive updates to the Multifamily Asset Management and Project Servicing Handbook since 1992.
The first posted chapter, Bifurcating Section 8 Contracts, explains the standards and conditions an Owner must meet to obtain approval from the Office of Multifamily Housing Programs to bifurcate a Section 8 Project-Based Rental Assistance (PBRA) Housing Assistance Payments (HAP) contract, and the processing of approved bifurcation requests. This chapter is intended to supersede Housing Notice 2024-03.
Comments are due: Monday, November 18, 2024.
Additional chapters will be released on a rolling basis through 2026. To receive a notification when a new handbook chapter is posted for feedback, submit a request to AssetManagementPolicy@hud.gov.
See the press release for additional details.