Data / Federal rules / 2024-04081

Rent Adjustments in the Mark-to-Market Program

The Housing and Urban Development Department published this final rule in the Federal Register on February 28, 2024. It took effect on March 29, 2024.

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What the agency says

The Mark-to-Market program preserves affordability and availability of affordable rental multifamily properties with federally insured mortgages, reducing rents to market levels by restructuring existing debt to levels supportable by these rents. This final rule revises the Mark-to-Market program regulations to clarify that annual adjustment of restructured rents under the program will be based on an operating cost adjustment factor determined by HUD and to further clarify when HUD may approve rent adjustments on a budget basis. This final rule will bring greater clarity to the Mark-to-Market program and will align HUD's regulations with recent legislative changes that specifically allow budget-based rent adjustments for the program.

Key facts

Document number: 2024-04081
Type: Final rule
Action: Final rule
Agency: Housing and Urban Development Department
Published: February 28, 2024
Takes effect: March 29, 2024
Dates: Effective: March 29, 2024.
Docket: Docket No. FR-6122-F-02
Regulation ID (RIN): 2502-AJ48
Code of Federal Regulations: 24 CFR 401
Topics: Grant programs-housing and community development; Loan programs-housing and community development; Low and moderate income housing; Mortgage insurance; Mortgages; Rent subsidies; Reporting and recordkeeping requirements
Pages: 3

The document on federalregister.gov PDF

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Everything from the Housing and Urban Development Department · Rules on grant programs-housing and community development · Rules on loan programs-housing and community development · Rules on low and moderate income housing · Published in February 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.