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Equal Housing Opportunity

 

Welcome to the North Tampa Housing Development Corp.

This site was created to be a resource to Owners and Agents and Contract Administrators working to improve housing for Florida communities.

Each audience has a specific area with helpful links to information to help make your jobs easier. If you have any questions or would like to see information on this site that is not listed, please fill out the Contact NTHDC form.

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Announcements

New Rent Comparability Checklist May Impact Owners and Agents

Subject: Rent Comparability Study

HUD recently conducted a nationwide review of Rent Comparability Studies. As a result of their evaluation, HUD determined there were numerous issues related to the initial and substantive review of the RCS. Consequently, HUD created a more comprehensive checklist for use by Project Based Contract Administrators and Appraisers.

Effective September 1, 2014 HUD requires all PBCAs and their appraisers to utilize a new checklist for reviewing Rent Comparability Studies submitted by Owners and Agents.
As part of NTHDC’s initial review of the Owner’s RCS, we will review for compliance with Chapter 9 of the Section 8 Renewal Guide.
 
Section 9-14 of the Renewal Guide prescribes a specific order in which the documents within the Rent Comparability Study must be arranged. The order is as follows:
1.    Appraiser’s Transmittal Letter
2.    Scope of Work
3.    Description of Subject Property (including color photographs)
4.    Identification of the Subject’s Market Area
5.    Description of Neighborhood
6.    Narrative Describing Selection of Comparables
7.    Locator Map for Subject and Comparables
8.    Rent Comparability Grid for Each Primary Unit Type
9.    Narrative Explaining Adjustments and Market Rent Conclusions (one set of explanations for each Rent Grid)
10.Comparable Property Profiles (each including a color photograph)
11.Appraiser’s Certification
12.Copy of Appraiser’s License (only if relying upon a temporary license)
 
Comparability Studies submitted to NTHDC that are not in the order described above, will be returned to the owner. Please make every effort to notify your appraiser of these requirements. A copy of the checklist can be found at: http://portal.hud.gov/hudportal/documents/huddoc?id=FINAL_REVIEW_Checklist.xls

Date In: 8/21/2014 2:23:41 PM

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QAThe Questions and Answers section is a way for Owners and Agents to find and share information regarding all aspects of Multi Family Section 8 housing including MORs. Rent Adjustments, Contract Renewals, and Special Claims.

You may ask questions on any topic and get answers from NTHDC staff.

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