Form OPG 3.3 OPG 3.3 Sample-Notice of 1st Restructure Plan Consultation Tenan

OMB No. 2502-0533
(Exp, xx/xx/xxxx)

Sample
Mark-to-Market
Form 3.3
st
Notice of 1 Restructure Plan Consultation/Tenant Meeting
(Date)
Project Name:
FHA Number:
Section 8 Expiration Date:
REMS I.D. #:
Dear (Tenants & Other Interested Parties):
This notice serves to inform you and other tenants of a meeting concerning the restructuring of
rents and project mortgage debt for (project name and address) and (any proposed sale or
transfer of property) under HUD’s Mark-to-Market program. The purpose of the Mark-toMarket program includes reducing excessive assistance of properties and promoting resident
responsibility and choice in housing. If you are a tenant in a subsidized unit, the rent you are
charged will continue to be calculated as it has been in the past; your rent will not change unless
your income changes.
We have been selected by HUD as the Participating Administrative Entity (PAE) to act on the
Department’s behalf in developing a Restructuring Plan for this project. You are invited to a
meeting on (date, no less than 20 days and no more than 40 days from issuance of this letter)
at (location, either on-site at project or nearby).
This meeting will give you and other tenants, as well as any other interested parties which you
would like to invite (including representatives of tenant organizations), an opportunity to provide
comments regarding the Restructuring Plan for this project. In particular, we are seeking your
views on the physical condition of the property, the quality of the management of the property,
the availability of affordable housing opportunities in your area, comparable market rents,
whether the assistance should be project-based or tenant-based, and other issues that may be of
concern to you and your neighbors. Your comments may be submitted in a written or oral
format and will be accepted through (date of meeting).
Sincerely,

(PAE Official)
(Title)
cc:

Local HUD Office, Director of Housing
HUD Project Manager
Other Interested Parties

September 30, 2004

Form 3.3, Page 1

Public reporting burden for this collection of information is estimated to average 1 hour per
response, including the time for reviewing instructions, searching existing data sources,
gathering and maintaining the data needed, and completing and reviewing the collection of
information. This information is required to obtain benefits. The office of Multifamily Housing,
Office of Affordable Housing Preservation 451 7th Street SW, Room 6216 6230 Washington,
DC 20410. HUD may not collect this information, and you are not required to complete this
form, unless it displays a currently valid OMB control number. Title V of the Departments of
Veterans Affairs and Housing and Urban Development and Independent Agencies
Appropriations Act of 1988 (P.L.106 65, 111 Stat. 1384) authorizes the FHA Multifamily
Housing Mortgage and Housing Assistance Restructuring Program. HUD implemented a
statutory permanent program directed at FHA-insured multifamily projects that have projectbased Section 8contracts with above- market rents. The information collection is used to
determine criteria eligibility of FHA-insured multifamily properties for participation in the Mark
to Market program and the terms on which participation should occur. The purpose of the
program is to preserve low-income rental housing affordability while reducing the long-term
costs of Federal rental assistance. While no assurances of confidentiality are pledged to
respondents, HUD generally discloses this data only in response to a Freedom of Information
request.