Participating Administrative Entities (PAE) Forms

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

Mark-to-Market
PAE Rent Comparability Review Report to OAHP
Property Name:
FHA Number:
Section of the Act:
City and State:
Total Units:

Form 11.1

________________________________
________________________________
________________________________
________________________________
________
Section 8 Units: ______

PAE’s Conclusion:
The average comparable market rent for the assisted units are listed below by bedroom size
(per unit per month): [Insert other unit sizes / variations if necessary]
1 Br

$

3 Br

$

2 Br

$

4 Br

$

Section 8 contract rents under the expiring HAP Contract are:
[ ] Below-market
[ ] At or above-market

Discussion of Property:
PAE will include a brief narrative discussing:
• Type of location (urban, suburban, rural)
• Resident profile

Unit Mix and Rent Information:
PAE will include or attach a matrix setting forth:
• Number, type, and square footage breakdown of units
• Section 8 contract rents, and utility allowance, under the expiring contract
• Market rents according to the owner’s rent comparability analysis
• Approximate market rents according to the Market Rent Study commissioned by the
PAE
• Totals for units, square footage, utility allowances and rents

September 30, 2004

Form 11.1, Page 1

Support for PAE’s conclusion:
PAE will describe:
• How the rent conclusion was reached.
• Any significant differences between the PAE’s conclusions, the Market Rent Study
commissioned by the PAE, and any owner submission, for example regarding selection
of comparable properties and determination of adjustments.

Copies of documents attached:
•
•

Owner’s rental comparability study
Market Rent Study commissioned by PAE

Public reporting burden for this collection of information is estimated to average 10 hours 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.

September 30, 2004

Form 11.1, Page 2