Rents that Make Sense: Navigating HUD’s Budget-Based Rent Adjustments (BBRA) for PRAC and Project Based Section 8
Oct 01 |
01:00 PM ET / 12:00 PM CT / 11:00 AM MT / 10:00 AM PT | |
| Duration: 60 minutes | Speaker: Rhanda McKown | |
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ABOUT THE EVENT
When operating costs rise, a Budget-Based Rent Adjustment (BBRA) can help HUD Multifamily properties stay financially sustainable—if you know how to do it right. This training demystifies the BBRA process for PRACs (202/811) and Project-Based Section 8 properties, from regulatory guidance to assembling a complete and approvable submission. You'll learn what to include, how to justify increases, and how to avoid common errors that delay or reduce your rent adjustment. With HUD Notices, Handbook 4350.1, and real-world examples as your guide, we’ll walk step-by-step through the documentation, tenant notifications, utility analysis, and reserve requirements that must be in place. If you’ve struggled with confusing forms, unclear expectations, or rejected submissions, this session gives you the tools and confidence to get it done right.
Why You Should Attend
Submitting a BBRA isn’t just a formality—it’s how your property keeps up with real-world expenses. But HUD requirements are complex, deadlines are tight, and mistakes can delay funding or result in lower-than-needed rent levels. This training provides a clear, structured guide to everything you need to submit a successful BBRA for PRAC or Section 8 properties. If you're tired of guesswork, rejection letters, or underfunded budgets—this session is your roadmap to doing it right.
Areas Covered
- Distinguish between BBRA requirements for PRACs and Project-Based Section 8 properties.
- Prepare a complete BBRA package using HUD-92547A, cover letters, tenant notices, and supporting documentation.
- Calculate rent adjustments in accordance with HUD thresholds and justification requirements.
- Implement tenant comment procedures as required by 24 CFR Part 245.
- Avoid common errors that result in delayed or denied rent adjustment approvals.
- Reference HUD Handbooks, Notices, and regulatory sources to support BBRA decisions and submissions.
Who Should Attend
HUD Multifamily Properties (PRAC and Project Based Section 8):
- Staff responsible for preparing and submitting a Budget Based Rent Adjustment
- HUD Compliance Officers
- Asset Managers
- Budget and Finance Coordinators
- Regional Portfolio Managers
- Executive Directors of Nonprofit Owners of PRAC and Project Based Section 8 HUD Multifamily Properties
Rhanda McKown
Rhanda McKown is a seasoned affordable housing professional with over 20 years of experience in the industry. Currently, she serves as Director of Affordable Housing for a non-profit organization covering four states. She spent 15 years working for a Performance Based Contract Administrator (PBCA), where she conducted Management and Occupancy Reviews across Florida and the U.S. Virgin Islands. Rhanda has developed specialized expertise in processing Auto-OCAF rent adjustments, Special Claims, Budget-Based Rent Adjustments, and Contract Renewals. Her background in HUD funded multifamily affordable housing subsidy programs is extensive, with a specialization in properties that follow HUD Handbook 4350.3 for occupancy guidelines. In addition to her technical expertise, Rhanda has a strong track record in building and coordinating educational programs focused on affordable housing. She has also served as the Director of the Affordable Housing Study Commission for Florida, where she played a key role in understanding and reporting on affordable housing policy and statistics in the state. Rhanda’s experience also includes managing the records retention program for a state housing finance agency (HFA), where she was instrumental in developing the agency’s records retention strategy and served as a liaison for the OnBase© software system.
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What people are saying about us
Elizabeth Jeffery
Client
The speaker was extremely knowledgeable. Speaker moved the program forward at a good pace. The time flew by.
Mark
Client
Great explanations and discussion.
Brittany Brown
Client
The instructor was awesome! Very informative, Extremely knowledgeable
Bebe
Client
After seeing a few different tutorials on the subject, this is the first one that included real-world "heads up" advice for getting the most out of the pivot table environment. The presenter was Extremely knowledgeable.
Brian
Client
I liked how specific and precise Gwen is with the explanations. It is so helpful and for my two new employees that attended, it was excellent. For this "old" one it was very good.
Linda
Client
Very informative. Deliverance was great. She was very knowledgeable about the subject
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