Rents that Make Sense: Navigating HUDs (BBRA) for PRAC and Project Based Section 8

Rents that Make Sense: Navigating HUD’s Budget-Based Rent Adjustments (BBRA) for PRAC and Project Based Section 8

When operating costs rise, a Budget-Based Rent Adjustment (BBRA) can help HUD Multifamily properties stay financially sustainable—if you know how to do it right. This training demystifies the BBRA process for PRACs (202/811) and Project-Based Section 8 properties, from regulatory guidance to assembling a complete and approvable submission. You'll learn what to include, how to justify increases, and how to avoid common errors that delay or reduce your rent adjustment. With HUD Notices, Handbook 4350.1, and real-world examples as your guide, we’ll walk step-by-step through the documentation, tenant notifications, utility analysis, and reserve requirements that must be in place. If you’ve struggled with confusing forms, unclear expectations, or rejected submissions, this session gives you the tools and confidence to get it done right. 

Areas Covered:-

• Distinguish between BBRA requirements for PRACs and Project-Based Section 8 properties.
• Prepare a complete BBRA package using HUD-92547A, cover letters, tenant notices, and supporting documentation.
• Calculate rent adjustments in accordance with HUD thresholds and justification requirements.
• Implement tenant comment procedures as required by 24 CFR Part 245.
• Avoid common errors that result in delayed or denied rent adjustment approvals.
• Reference HUD Handbooks, Notices, and regulatory sources to support BBRA decisions and submissions.

Why You Should Attend:-

Submitting a BBRA isn’t just a formality—it’s how your property keeps up with real-world expenses. But HUD requirements are complex, deadlines are tight, and mistakes can delay funding or result in lower-than-needed rent levels. This training provides a clear, structured guide to everything you need to submit a successful BBRA for PRAC or Section 8 properties. If you're tired of guesswork, rejection letters, or underfunded budgets—this session is your roadmap to doing it right.

Who Should Attend:-

HUD Multifamily Properties (PRAC and Project Based Section 8):

• Staff responsible for preparing and submitting a Budget Based Rent Adjustment
• HUD Compliance Officers
• Asset Managers
• Budget and Finance Coordinators
• Regional Portfolio Managers
• Executive Directors of Nonprofit Owners of PRAC and Project Based Section 8 HUD Multifamily Properties.