Clarendon’s contract with the U. S. Department of Housing and Urban Development (HUD) to provide Section 8 Rent Comparability Studies has been renewed for the New City Metro Area (Brooklyn, Queens, Bronx, Manhattan and Staten Island), Long Island Counties (Nassau, Suffolk), Westchester, Putnam, Orange, Dutchess, Ulster and Sullivan Counties.
Section 8 laws and administrative procedures require HUD to obtain and review Rent Comparability Studies (RCS) when initially renewing most Section 8 contracts and when processing some rent increase using the Annual Adjustment Factors. The market rents resulting from these studies determine the rents owners can receive and, hence greatly influence whether an owner will renew and continue providing assisted housing or optout of the Section 8 contract and convert to unassisted, market rent housing. The market rents set in these studies also drive HUD’s outlays for Section 8 project-based subsidy.
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ABOUT CLARENDON
Clarendon, headquartered in Cleveland, Ohio, specializes in Affordable Housing Valuation, Market Studies, Research, Development Support and Investment Sales services for public and private clients in major markets nationwide.
Clarendon is a certified MWBE and we believe in a firm commitment to diversity and giving back to the communities that we live and work in. To learn more about our Real Estate Training Programs, click here.
Clarendon has been selected by Multifamily Asset Managers (MAM) to provide Reviews of HUD Section 8 Rent Comparability Studies (RCS) for the State of Hawaii.
Clarendon has been selected by the Philadelphia Housing Authority (PHA) to provide comprehensive commercial real estate appraisal, brokerage, affordable housing development marketing, market studies and related services for properties in its Philadelphia portfolio.
Clarendon has been selected by Cincinnati Metropolitan Housing Authority (CMHA) to provide comprehensive real estate appraisal services for residential and commercial properties throughout Hamilton County, Ohio.
Clarendon has been selected by Opportunity Home San Antonio (formerly San Antonio Housing Authority) to provide HUD Section 8 Rent Comparability Studies (RCS) for properties in its San Antonio, Texas portfolio.
Clarendon has been awarded a lead paint inspection contract with the Cuyahoga Metropolitan Housing Authority (CMHA) to provide certified lead paint inspections and risk assessments across their extensive property portfolio.
Clarendon awarded contract to provide Reviews of HUD Section 8 Rent Comparability Studies (RCS) for Southern California
Clarendon’s contract with the U. S. Department of Housing & Urban Development (HUD) was renewed to provide Sec. 8 Rent Comparability Studies for the Northeast Region
Clarendon awarded contract to provide Reviews of HUD Section 8 Rent Comparability Studies (RCS) for Oklahoma
Clarendon awarded contract with the U. S. Department of Housing & Urban Development (HUD) to provide Sec. 8 Rent Comparability Studies for the Northeast Region
Clarendon awarded contract to provide Reviews of HUD Section 8 Rent Comparability Studies (RCS) for Massachusetts