Notice To Tenants Of Intention To Submit A Request To Mhdc/hud For Approval Of An Increase In Maximum Permissible Rents printable pdf download

Notice to Tenants of Intention to Submit a Request to MHDC/HUD for Approval of

an Increase in Maximum Permissible Rents

[Date of Notice]

Take notice that on [date] we plan to submit a request for approval of an increase in the

maximum permissible rents for [name of apartment complex] to the Missouri Housing

Development Commission (MHDC) as contract administrator for the United States Department of

Housing and Urban Development (HUD). The proposed increase is needed for the following

reasons: ______________, _________________, ______________, and ________________.

The rent increases for which we have requested approval are:

Number of

Present Rent

Proposed Increase

Proposed Rent

Bedrooms

Basic

Market

Basic

Market

Basic

Market

Separate columns for basic and market rent should be used only for projects assisted under sec. 236 cf the National

Housing Act. In addition, in projects with more than 1 type of apartment having the same number of bedroom but different

rents, each type should be listed separately.

A copy of the materials that we are submitting to MHDC in support of our request will

be available during normal business hours at [address] for a period of 30 days from the date of

service of this notice for inspection and copying by tenants of [name of apartment complex]

and, if the tenants wish, by legal or other representatives acting for them individually or as a

group.

During a period of 30 days from the date of service of this notice, tenants of [name of

apartment complex] may submit written comments on the proposed rent increase to us at

[address]. Tenant representatives may assist tenants in preparing those comments. (If, at

MHDC's request or otherwise, we make any material change during the comment period in the

materials available for inspection and copying, we will notify the tenants of the change or

changes, and the tenants will have a period of 15 days from the date of service of this additional

notice (or the remainder of any applicable comment period, if longer) in which to inspect and copy

the materials as changed and to submit comments on the proposed rent increase). These

comments will be transmitted to MHDC, along with our evaluation of them and our request for the

increase. You may also send a copy of your comments directly to MHDC at the following address:

Missouri Housing Development Commission, 4625 Lindell Blvd., Suite 300, St. Louis, MO 63108,

Attention: Contract Renewal, Re: [Name of Apartment Complex].

MHDC will approve, adjust upward or downward, or disapprove the proposed rent

increase upon reviewing the request and comments. When MHDC advises us in writing of its

decision on our request, you will be notified. If the request is approved, any allowable increase

will be put into effect only after a period of at least 30 days from the date you are served with that

notice and in accordance with the terms of existing leases.

[Name of mortgagor or managing agent]

Notice To Tenants Of Intention To Submit A Request To Mhdc/hud For Approval Of An Increase In Maximum Permissible Rents

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