PMCS
can help you renew your Section 8 or Project Rental Assistance
Contract
(PRAC) contract.
There
are several options and terms available, depending on your current
contract and structure. We will complete HUD Form 9624 Contract
Renewal Request, indicating the appropriate option for the determined
term.
Eligible
for a rent adjustment? We will compile the request for you,
using any of the following methods (as appropriate):
-
OCAF (Operating Cost Adjustment Factor) Rent Increase: Our
staff will gather the information needed to complete HUD Form
9625: OCAF Rent Adjustment Worksheet, and calculate your operating
cost adjustment for the upcoming contract term. This type
of rent increase is based on the published OCAF factor for
your state.
-
Budget-Based Rent Increase: We will review the property with
management to determine if a budget-based rent increase is
required, and which items need to be included. We can use
the site‘s previous year’s budget as a starting point for
the upcoming year’s financial review. In addition to the budgeted
figures, PMCS will create and customize several HUD-required
documents that are required.
-
Utility Allowance Change: Some contracts require Utility Allowance
change requests with every contract renewal and/or multi-year
Rent Adjustment Request submission. PMCS will gather appropriate
tenant utility information, and analyze the data to determine
if a Utility Allowance Adjustment is required. If an adjustment
is warranted, our staff will complete the necessary Utility
Allowance Recommendation Form for submission.
Our
staff includes CPAs, accountants, AHM/COS-certified occupancy
specialists and leading industry trainers who have thorough
knowledge of accounting, HUD, and Secure Systems - so you can
feel secure that all of our services comply with HUD requirements.
Please
call us to discuss your site’s needs, and let us prepare a customized
proposal.
Other
PMCS Services Available:
- Service
Bureau compliance processing
- Tenant
file review
- Tenant
Selection Plan review/updating
- Many
more…just ask!
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