Part 401 - Multifamily Housing Mortgage and Housing Assistance Restructuring Program (Mark-to-Market)  


Subpart A - General Provisions; Eligibility
§ 401.1 - What is the purpose of part 401?
§ 401.2 - What special definitions apply to this part?
§ 401.3 - Who may waive provisions in this part?
§ 401.99 - How does an owner request a section 8 contract renewal?
§ 401.100 - Which projects are eligible for a Restructuring Plan under this part?
§ 401.101 - Which owners are ineligible to request Restructuring Plans?
Subpart B - Participating Administrative Entity (PAE) and Portfolio Restructuring Agreement (PRA)
§ 401.200 - Who may be a PAE?
§ 401.201 - How does HUD select PAEs?
§ 401.300 - What is a PRA?
§ 401.301 - Partnership arrangements.
§ 401.302 - PRA administrative requirements.
§ 401.303 - PRA indemnity provisions for SHFAs and HAs.
§ 401.304 - PRA provisions on PAE compensation.
§ 401.307 - On-going responsibility of PAE.
§ 401.309 - PRA term and termination provisions; other provisions.
§ 401.310 - Conflicts of interest.
§ 401.311 - Standards of conduct.
§ 401.312 - Confidentiality of information.
§ 401.313 - Consequences of PAE violations; finality of HUD determination.
§ 401.314 - Environmental review responsibilities.
Subpart C - Restructuring Plan
§ 401.400 - Required elements of a Restructuring Plan.
§ 401.401 - Consolidated Restructuring Plans.
§ 401.402 - Cooperation with owner and qualified mortgagee in Restructuring Plan development.
§ 401.403 - Rejection of a request for a Restructuring Plan because of actions or omissions of owner or affiliate or project condition.
§ 401.404 - Proposed Restructuring Commitment.
§ 401.405 - Restructuring Commitment review and approval by HUD.
§ 401.406 - Execution of Restructuring Commitment.
§ 401.407 - Closing conducted by PAE.
§ 401.408 - Affordability and use restrictions required.
§ 401.410 - Standards for determining comparable market rents.
§ 401.411 - Guidelines for determining exception rents.
§ 401.412 - Adjustment of rents based on operating cost adjustment factor (OCAF) or budget.
§ 401.420 - When must the Restructuring Plan require project-based assistance?
§ 401.421 - Rental Assistance Assessment Plan.
§ 401.450 - Owner evaluation of physical condition.
§ 401.451 - PAE Physical Condition Analysis (PCA).
§ 401.452 - Property standards for rehabilitation.
§ 401.453 - Reserves.
§ 401.460 - Modification or refinancing of first mortgage.
§ 401.461 - HUD-held second mortgage.
§ 401.471 - HUD payment of a section 541(b) claim.
§ 401.472 - Rehabilitation funding.
§ 401.473 - HUD grants for rehabilitation under section 236(s) of NA.
§ 401.474 - Project accounts.
§ 401.480 - Sale or transfer of project.
§ 401.481 - Subsidy layering limitations on HUD funds.
§ 401.483 - Leasing units to certificate and voucher holders.
§ 401.484 - Property management standards.
§ 401.500 - Required notices to third parties and meeting with third parties.
§ 401.501 - Delivery of notices and recipients of notices.
§ 401.502 - Notice requirement when debt restructuring will not occur.
§ 401.503 - Access to information.
Subpart D - Implementation of the Restructuring Plan After Closing
§ 401.550 - Monitoring and compliance agreements.
§ 401.552 - Servicing of second mortgage.
§ 401.554 - Contract renewal and administration.
§ 401.556 - Leasing units to voucher holders.
§ 401.558 - Physical condition standards.
§ 401.560 - Property management standards.
Subpart E - Section 8 Requirements for Restructured Projects
§ 401.595 - Contract and regulatory provisions.
§ 401.600 - Will a section 8 contract be extended if it would expire while an owner's request for a Restructuring Plan is pending?
§ 401.601 - [Reserved]
§ 401.602 - Tenant protections if an expiring contract is not renewed.
§ 401.605 - Project-based assistance provisions.
§ 401.606 - Tenant-based assistance provisions.
§ 401.607 - Contract term.
Subpart F - Owner Dispute of Rejection and Administrative Appeal
§ 401.645 - Owner request to review HUD decision.
§ 401.650 - When may the owner request an administrative appeal?
§ 401.651 - Appeal procedures.
§ 401.652 - No judicial review.