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Option 3: Request referral to HUD's Office of Multifamily
Housing Assistance Restructuring (OMHAR)
Please read the Section
8 Renewal Policy Handbook (PDF file) for detailed information.
Regardless of your option selection, SHCC will refer your contract to
OMHAR for restructuring if the contract rents exceed comparable market rents
and if the contract is eligible for referral.
Eligibility Requirements:
- Current Rents must be above Fair Market Rents (FMR)
- The Owner requests either:
- Renewal of the contract without restructuring, with rents marked
down to market (OMHAR-LITE).
- A mortgage or rent restructuring and contract renewal with the
rents marked down to market.