Part M - HAP Contract Renewals
The Mod/Rehab HAP contract between AHFC and Operator runs for a term often years. This contract may be renewed in accordance with HUD regulations.
1998 procedures for contract renewal are contained in a March 11, 1998 letter issued by HUD entitled Fiscal Year 1998 Renewal of Expiring Section 8 Moderate Rehabilitation Single Room Occupancy (SRO) Program Housing Assistance Payments (HAP) Contracts. This letter will govern AHFCs process for completing renewals.