Clarendon to provide Southern California RCS Reviews

Clarendon has been selected by the Housing Authority of the City of Los Angeles (HACLA) to provide Reviews of HUD Section 8 Rent Comparability Studies (RCS) for a ten-county area of Southern California.

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. 

For more information on the market rent threshold test, read our article HUD Introduces New 150% Mandatory Market Rent Threshold Test.

Search the HUD FY 2025 Small Area Fair Market Rents (SAFMR) - these numbers will be effective for any Rent Comparability Study (RCS) signed by the owner’s appraiser on or after October 1, 2024. 

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 services, please click here.

ABOUT THE HOUSING AUTHORITY OF THE CITY OF LOS ANGELES (HACLA)

The Housing Authority of the City of Los Angeles (HACLA) was established in 1938 by City of Los Angeles and has since grown to become one of the nation’s largest and leading public housing authorities, providing the largest supply of quality affordable housing to residents of the City of Los Angeles. HACLA currently owns and manages a citywide portfolio of 9,405 housing units, administers monthly housing assistance payments for more than 58,000 families, and provides a wide range of programs and services.

The Los Angeles LOMOD Corporation (“LA LOMOD”) LA LOMOD is a non-profit corporation and instrumentality of HACLA. It operates as the project-based Section 8 Performance-Based Contract Administrator (PBCA) for the U.S. Housing and Urban Development's (HUD) Office of Multifamily in a ten-county area of Southern California.

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 has been awarded contracts with the U.S. Department of Housing and Urban Development (HUD), including the New York, Boston, San Francisco, New Jersey and Baltimore offices.  These contracts required the completion of a high volume of Rent Studies for family and senior housing, with HUD as an intended user.  Clarendon has also been awarded contracts to provide Reviews of HUD Section 8 Rent Comparability Studies for the states of Connecticut, Massachusetts, Oklahoma, Pennsylvania and Michigan.

Clarendon is a WOSB, 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.

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