Mark-to-Market Rent Adjustments

What this funds

 PBCA Modifications: This provision allows HUD to make the Performance-Based Contract Administrator (PBCA) solicitation process a Notice of Funding Opportunity (awarded cooperative agreements) rather than a procurement under the FAR, as currently required by court rulings. The language makes agreements on a state-by-state basis rather than regional and would make only public housing agencies (PHAs) (including State Housing Finance Agencies) eligible. If a PHA is not selected for any given state through the notice, then HUD would use a procurement contract to select an administrator. (Sec. 224)  Mod Rehab and SRO Sunset: The PBRA account supports approximately 18,000 affordable units through the legacy Moderate Rehabilitation (Mod Rehab) and Single Room Occupancy (SRO) programs on year-to-year contracts. These units have a path to enter long-term Section 8 contracts through RAD (PBRA or PBV). Alternatively, owners can opt out of the Mod Rehab and SRO programs at contract expiration, in which case eligible families receive tenant protection vouchers (TPVs). HUD has already been conducting outreach to owners on these potential paths. This provision sunsets these two legacy programs within three years, giving owners time to develop plans for transition to one of these two alternative platforms.  Mark-to-Market Extension: This provision extends the authority to run the Mark to Ma

Extracted from 2027 CJ Program PBRA, p. 6. Verbatim; nothing here is paraphrased. This is a different document from the one the figures above were read off — the agency prints this line's dollars in a summary table and its justification elsewhere.

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Answers come from the figures on this page and nothing else. These dollars are parsed from Housing & Urban Dev's Congressional Justification and are approximate — confirm anything that matters against the cited page.