Clarendon to provide Hawaii RCS Reviews
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.
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 opt-out 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.
For more information on the market rent threshold test, read our article HUD Introduces New 150% Mandatory Market Rent Threshold Test.
Clarendon offers a full range of affordable housing valuation products and services including:
HUD Section 8 Rent Comparability Studies
LIHTC Market Studies
Rent Reasonableness Studies
Flat Rent Studies
Development Support
Appraisals
To learn more about Clarendon's valuation services, please click here.
ABOUT OKLAHOMA HOUSING FINANCE AUTHORITY
Multifamily Asset Managers (MAM) serves as a contract administrator for HUD's Office of Multifamily Housing, providing comprehensive asset management and compliance oversight services for Section 8 project-based properties. MAM's responsibilities include contract administration, rent determination oversight, financial analysis, and regulatory compliance monitoring to ensure the long-term viability of affordable housing properties while protecting HUD's financial interests across multiple states.
ABOUT CLARENDON
Clarendon, headquartered in Cleveland, Ohio, is a trusted partner for government compliance and advisory solutions, serving local, state and federal agencies and property owners nationwide. Clarendon specializes in HUD-compliant services, including Appraisal, Brokerage, Inspection, Facility Support and Advisory.
