Southwest Housing Compliance Corporation

Option 6: Notification of Intention to Opt Out of the Section 8 Contract

SHCC will make every effort to maintain the inventory of Affordable Housing within the State of Texas. Owners selecting Option 6 will be made aware of all available options, including Mark-up-to-Market.

However, if the owner chooses to opt out and has satisfied all the relevant requirements, SHCC will process his/her request in an expeditious manner.

The following requirements must be met before an owner may opt-out:

  1. The owner must be eligible to opt-out. This would include the absence of any restrictions placed on the property that are outlined in chapter eight of the Section 8 Renewal Policy Handbook (PDF file).
  2. The owner must have provided an acceptable one year notification to the residents and SHCC. The notice must contain the required language as outlined within chapter eight of the Section 8 Contract Renewal Policy Handbook.
  3. The owner must have provided SHCC with all required documentation, more specifically, The Contract Renewal Form and Worksheet for Option 6. This is due no later than 120 days before contract expiration.