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20-year HAP contract renewals

Friday, April 01, 2011

As part of our ongoing effort to ensure the preservation of affordable housing, HUD is launching an exciting new initiative to promote the benefits of long-term Housing Assistance Payments (HAP) contracts. The San Francisco Multifamily Hub has also issued new streamlined procedures for approval of 20-year HAP contracts. Owners are encouraged to take advantage of these new 20-year HAP contract renewal terms.

 

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