APPEAL 1. RENT STUDY REJECTED 2. 140% HUD Rent Study Commercial - - PowerPoint PPT Presentation

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APPEAL 1. RENT STUDY REJECTED 2. 140% HUD Rent Study Commercial - - PowerPoint PPT Presentation

May 11, 2023 386 likes •598 views

Doyle Real Estate Advisors, LLC APPEAL 1. RENT STUDY REJECTED 2. 140% HUD Rent Study Commercial appraisals | Litigation Counseling | Market Research 1601 Walnut St. Philadelphia | 215-231-9900 | DoyleAdvisors.com 1 Doyle Real Estate Advisors,

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Doyle Real Estate Advisors, LLC

APPEAL

  • 1. RENT STUDY REJECTED
  • 2. 140% HUD Rent Study

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Commercial appraisals | Litigation Counseling | Market Research 1601 Walnut St. Philadelphia | 215-231-9900 | DoyleAdvisors.com

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Doyle Real Estate Advisors, LLC

HUD / Contract Admin. Rejection

§ 9.18 of Section 8 Renewal Guide (page 37)

“1st Appeal”

20 calendar days after Rejection Letter.

Send written statement w/support via e-mail to applicable

Asset Management Division Director.

Request meeting/conference call with HUD

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Doyle Real Estate Advisors, LLC

“2nd Appeal” 15 calendar days of Denial.

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Send written statement and support Regional Center Director

Copy to:

Asset Management Division Director

.

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

HUD has 15 calendar days after Owner submission date to respond After that, you are likely looking at federal court to challenge

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

APPEALING

140% MEDIAN ZIP CODE RENT STUDY

1st – Why not Accept 139% ? 2nd –HUD ordered Rent Study § 9-14.C., page 30 of Chapter 9

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

APPEALING

HUD ORDERED RENT STUDY

IF OWNER’S RENT STUDY IS WITHIN 5% OF HUD, THEN USE OWNER’S NO APPEAL NECESSARY

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

Owner RCS HUD RCS Owner vs HUD STUDIO $1,150 $1,100 2-BEDRM $1,714 $1,639 Total $1,725,000 $1,650,000 ($75,000)

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

IF YES, NO APPEAL NEW CONTRACT = OWNER’S RENT

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com

IF OWNER IS ABOVE 105%, NO APPEAL EXCEPT FOR: TECHNICAL / MATH ERRORS NO APPEAL FOR JUDGMENT

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Doyle Real Estate Advisors, LLC

HUDRentStudy.com Commercial appraisals | Litigation Counseling | Market Research 1601 Walnut St. Philadelphia | 215-231-9900 | DoyleAdvisors.com

EQUITY IMPACT INVESTMENT ENVIRONMENT

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Doyle Real Estate Advisors, LLC

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Doyle Real Estate Advisors, LLC

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Doyle Real Estate Advisors, LLC

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HUDRentStudy.com

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Doyle Real Estate Advisors, LLC

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Doyle Real Estate Advisors, LLC

MITIGATING

ADVERSE RENT STUDY REVIEW

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Commercial appraisals | Litigation Counseling | Market Research 1601 Walnut St. Philadelphia | 215-231-9900 | DoyleAdvisors.com

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Doyle Real Estate Advisors, LLC

Reposition -- NOT Replicate

  • Washer/Dryer in unit

»UPGRADE Kitchens

  • FREE WiFi

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NON-SHELTER SERVICES Salaried Service Coordinator

PROACTIVE

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Doyle Real Estate Advisors, LLC

Financial Planning Tool

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HUDRentStudy.com