Rent Comparability Studies
Interstate Professional Group provides Rent Comparability Studies (RCS) services for HUD properties that have been entered into Section 8 subsidy contracts with HUD. The Section 8 Renewal Policy Guidebook “Guidance for the Renewal of Project-Based Section 8 Contracts, “states that Section 8 contract renewals are authorized under tow provisions MAHRA, an owner is required to submit a RCS prepared by a state certified General Appraiser to initially determine eligibility. HUD separately obtains a RCS developed by a certified General Appraiser and will use that study to verify the accuracy of the owner’s comparability study and to determine ultimate eligibility.
IPG prepares HUD’s Rent Comparability Studies in accordance with Chapter 9 RCS in the Section 8 Renewal Policy guidebook. IPG provides all personnel, material, supplies, equipment, transportation, and facilities necessary to provide the services required. All Appraisers are licensed as a Certified General Appraiser in good standing in the state where the subject property is located. The appraisers are active in performing RCSs or multifamily appraisals, meet USPAP competency requirements, and have knowledge of the Section 8 Renewal Policy Guidebook.
Since 1996, IPG State has been committed to assisting the U.S. Government in creating a strong, sustainable, real estate economy by performing rent appraisal comparability studies, protecting, and preserving residential properties and inspecting commercial real estate, leveraging staff and management teams who operate with ethics, honesty, and perseverance. Of particular note is our executive management team, possessing over 60 years of direct experience with HUD and other federal agencies.
For more information on our Rent Comparability Studies solutions, contact the experienced team at Interstate Professional Group today.