How to Complete a HUD Budget-Based Rent Increase
Dec 10 |
12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT | |
| Duration: 180 minutes | Speaker: Gwen Volk | |
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ABOUT THE EVENT
Preparing a HUD Budget-Based Rent Increase request requires careful documentation, a complete submission package, and an understanding of HUD’s review and approval process. Requests are often delayed or denied because the Owner submits an incomplete package or fails to adequately support the request. Understanding what to submit, when to submit it, and how to respond to HUD’s questions can help Owners navigate the process more effectively.
In this comprehensive 3-hour webinar, Gwen Volk will explain how to prepare and submit a Budget-Based Rent Increase request, respond to HUD follow-up questions and requests for additional information, and understand the options available when HUD denies or partially denies a request. The session will focus on the submission process, the importance of providing a complete package, and the steps Owners can take when their requested rent increase is not fully approved.
Participants will learn what documentation and information to include in their submission, when and how to submit the package, how to address HUD’s follow-up inquiries, and when and how to appeal a denial or partial denial of a Budget-Based Rent Increase request.
This session is applicable to Section 8 projects renewed under Options 2 and 4, projects renewed under Option 3 Lite, and certain Option 5 projects. It also covers Section 202 PACs, Section 202 PRACs, Section 811 PRACs, and HUD-insured projects where a budget-based request is usually the only way to obtain a rent increase.
Whether you are preparing a new request or responding to questions or a decision from HUD, this session will help you better understand the requirements and procedures involved in completing a Budget-Based Rent Increase submission.
What You Will Learn
By the end of this session, participants will understand:
- What to submit: Understand what needs to be included in a Budget-Based Rent Increase package and why incomplete submissions can lead to delays or denials.
- When to submit: Learn when the submission should be made and how to approach the submission process.
- How to prepare and submit the package: Understand the process for putting together and submitting a Budget-Based Rent Increase request.
- How to respond to HUD: Learn how to address follow-up questions and requests for additional information from HUD.
- How to handle denials or partial approvals: Understand when and how to appeal a denial or partial denial of a requested rent increase.
Who Should Attend?
This webinar is intended for Owners, property managers, affordable housing compliance professionals, and others involved in preparing, reviewing, or managing HUD Budget-Based Rent Increase requests for eligible properties.
Applicable Property Types
The session applies to:
- Section 8 projects renewed under Options 2 and 4
- Section 8 projects renewed under Option 3 Lite
- Certain Section 8 projects renewed under Option 5
- Section 202 PACs
- Section 202 PRACs
- Section 811 PRACs
- HUD-insured projects where a budget-based request is usually the only way to obtain a rent increase
Join Gwen Volk for this focused 3-hour training session to strengthen your understanding of the HUD Budget-Based Rent Increase process, prepare a more complete submission package, respond to HUD inquiries, and understand the appeal process when a request is denied or only partially approved.
Gwen Volk
Gwen Volk has worked in the affordable housing industry since 1983. She has been president and CEO of a Midwest property management company and chief compliance officer over a Dallas firm’s national portfolio. She has a Master’s degree in Business and is a Certified Property Manager through the Institute of Real Estate Management. Gwen holds certifications as a National Affordable Housing Professional – Executive Level, Specialist in Housing Credit Management, Housing Credit Certified Professional, Certified Professional of Occupancy, and in Fair Housing Compliance and has been a servant leader in the AHMAs, NAHMA and IREM throughout her career. Gwen is a nationally recognized expert in the tax credit, bond, HOME, and Section 8 programs and enjoys helping agents, owners, and managers make sense of it all.
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Testimonials
What people are saying about us
Angela
Client
Gwen is ahead of the game in presenting what is needed in a timely way.
Ronald
Client
The instructor was clear and concise. The course material was also clear and concise.
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.
Maria
Client
Gwen was fantastic and the material was very informative.
Josephine
Client
Gwen is a very good teacher cause of all her years in the field.
Daniel
Client
I finally understand how the effective date of actions affects discrepancies.
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