HUD: New HUD Guidance: Preservation Rent Increase for RAD for PRAC Conversions
The following information was sent out from HUD’s Multifamily Housing Office of Recapitalization On September 22, 2025: Dear Partners: On Friday, the U.S. Department of Housing and Urban Development (HUD) published Housing Notice 2025-04, introducing important updates to the Preservation Rent Increase for eligible Section 202 Project Rental Assistance Contract (PRAC) properties pursuing a…