Memorandum February 5, 2002: Fact Sheets for Project-Based Assistance Programs
FACT SHEET For HUD ASSISTED RESIDENTS
HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs · 2026 edition · updated 2026-10-05 · United States
Section 202/162 – Project Assistance Contract (PAC) Section 202/811 – Project Rental Assistance Contract (PRAC)
Ensure residents receive the exclusions and deductions to which they are entitled
Accurately calculate Tenant Rent
Provide tenants a copy of lease agreement and income and rent determinations
Recalculate rent when changes in family composition and decreases or increases in income are reported by $200 more per month
Provide information on OA policies upon request
• Notify residents of any changes in requirements or practices for reporting income or determining rent
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