Market Rate Appraisals

Resolved that NAHB urge:

  1. The Department of Housing and Urban Development (HUD) to use the statutory authority it already has to allow rents on expiring Section 8 contracts to be marked up to market,
  2. HUD to make available the necessary funds on a contract’s renewal date and not delay that availability, and
  3. HUD to rely on the judgment of the independent appraiser as to the projects chosen for rent comparisons, and respect these and other conclusions reached by the independent appraiser.


Resolution originally adopted:
1999/1 No. 5

Committee with primary jurisdiction:

  • Multifamily Council Board of Trustees

 

View full text of resolution.