HUD recently issued Notice FR-5607-N-22 to solicit comments on the Multifamily Housing Mortgage and Housing Assistance Restructuring (Mark to Market) program. The information collection will be used to determine the eligibility of FHA-insured multifamily properties for participation in the Mark to Market program and the terms on which such participation should occur as well as to process eligible properties from acceptance into the program through closing of the mortgage restructure. Owners involved in the program are able to refinance and restructure the property’s FHA-insured mortgage, reduce Section 8 rent payments, and establish adequately funded accounts to fund required repair and rehabilitation of the property. Comments are due no later than August 24 and should be sent to Reporting Liaison Officer, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410, Room 9120.
Click here to read Notice FR-5607-N-22.
