Project - Based Voucher Rent Increases - January 5, 2015

As part of the commitment to preserving affordable housing units under the MRVP, DHCD is implementing rent increases to the Project-Based Voucher (PBV) portfolio.

Note: These rent increases do not apply to units funded under the 13A program with Mass Housing.  DHCD is working with Owners of 13A units under a separate initiative.

DHCD is able to offer contract rent increases on project-based (PB) units up to HUD’s FY15 Fair Market Rent (FMR).  For current FMR information, please visit  http://www.huduser.org/portal/datasets/fmr.html.  If, for any reason, an approved contract rent is already higher than the current FMR, the rent will not be affected for that unit.

Rent increases require a 30-day advance notice to both the Owner and Tenant. As this is a priority for DHCD, we are requesting that LHAs and RAAs work quickly to send notifications no later than January 29, so that the rent increases will be effective March 1, 2015.

DHCD is also revising policies and procedures for future rent increase requests in the project- based portfolio.  Guidance will be issued to LHAs and RAAs shortly. Please click here for additional implementation guidance related to the current, across-the-board rent increases.

Click here to read the full notice.

MRVP Project-Based Rent Increases

Join DHCD for a webinar on Jan 08, 2015 at 2:00 PM EST.

Register now! https://attendee.gotowebinar.com/register/5596336427850308610

This webinar is open to MRVP administering agencies to discuss any questions related to the rent increases in the Project-Based portfolio, effective March 1, 2015.
After registering, you will receive a confirmation email containing information about joining the webinar.  View System Requirements