OPG 3.4 Sample-Notice of 2nd Consultation Tenant Meeting

Sample
Mark-to-Market
Form 3.4
nd
Notice of 2 Consultation/Tenant Meeting (Must be given to tenants
at least twenty days prior to submission of Plan to OAHP)
(Date)
Project Name:
FHA Number:
Section 8 Expiration Date:
REMS I.D. #:
Dear (Tenants & Other Interested Parties):
This notice serves to inform you, other tenants, and other interested parties of a second meeting
concerning the restructuring of rents and project mortgage debt for (project name and address)
under HUD’s Mark-to-Market program.
The meeting will be held on (date, no less than 10 days before submission of draft
restructuring plan to OAHP) at (location, either on-site at project or nearby) to which you are
invited.
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
further comments choose one of the following: [regarding the Restructuring Plan for this project] or
[regarding our preliminary conclusion that the transaction is ineligible or infeasible for
restructuring]. We remind you that 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.
Copies of the draft choose one of the following: [Restructuring Plan] or [of any releasable
documentation recommending to OAHP that the Restructuring Plan not be completed] are
available for your review at (address of property management office or other location
convenient to tenants) during normal business hours. Copies may be made at the reviewer’s
expense.
If you have any questions regarding this meeting, please contact (name of PAE contact) at
(phone number of PAE) . We look forward to meeting with you and your neighbors.
Sincerely,
(PAE Official)
(Title)
cc:

Other Interested Parties

September 30, 2004

Form 3.4, 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.