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endnotesCHAPTER 11 This Chapter is drawn, in part, from Emily P.Achtenberg, "Federally-Assisted Housing:Privatization vs. Preservation," in Housing:Foundation of a New Social Agenda, Rachel Brattet al., eds., Temple University Press (forthcoming).2 Not all Section 221(d)(3) and 236 projects havethis automatic prepayment right and the opportunityto convert to market use. If the project’soriginal sponsor was a nonprofit entity, or if theproject has a federal rent supplement contractcombined with HUD mortgage insurance, theowner cannot prepay without HUD consent.Some gray areas exist, especially for projectsthat received special federal rehabilitation loansor grants in the late 1970s and 1980s underHUD's Flexible Subsidy program. Some of theseprojects require HUD's consent to prepay andsome do not, although all have use restrictionsthat limit rents through the original mortgageterm.3 For a more detailed discussion of theEnhanced Voucher program, see Chapter 2,"Federal Preservation Tools."4 The National Housing Trust maintains summaryprepayment data for each state (see Exhibit 1 inExhibits). See http://www.nhtinc.org/data.asp;click on "Summary Table of Prepayments" link.5 For a more detailed discussion of these programs,see Chapter 2, "Federal PreservationTools."6 The OMHAR website includes a weekly statusreport of pipeline activity (Exhibit 2 in Exhibits).Click on "M2M Status Report" athttp://www.hud.gov/offices/omhar/readingrm/reports.cfm.7 The National Housing Trust also maintains optoutdata for each state (Exhibit 3 in Exhibits).See "Summary Table of Section 8 Opt Outs" linkat http://www.nhtinc.org/data.asp. (This datadoes not include terminated Section 8 units inexpiring use properties, where tenants receivedEnhanced Vouchers.)8 For a more detailed discussion of Mark-Up-To-Market and Mark-Up-To-Budget, see Chapter 2,"Federal Preservation Tools."9 To locate current legislation or pending bills,see http://thomas.loc.gov. Search by bill number(e.g., "HR 425").Or, search by word/ phrase (e.g."Preservation").CHAPTER 210 For the latest source documents, such as HUDNotices, handbooks, regulations, and policies,see http://hudclips.org.11 Including nonprofit controlled limited partnerships,which are also eligible for Mark-Up-to-Budget. Relative to Mark-Up-to-Budget, Mark-Up-to-Market has stricter eligibility rules butfewer requirements.12 Contracts executed on or before October 31,1997 are pre-MAHRA contracts. Contracts executedon or after November 1, 1997 are post-MAHRAcontracts.13 Seehttp://www.hud.gov/offices/hsg/mfh/exp/guide/s8guide.cfm. This website also provides Section 8Renewal Policy Guidebook updates and answersto Frequently Asked Questions (FAQs). See also"Renewal Options for Expiring Project-BasedSection 8 Contracts" (May 1, 2001 REV 2) byEmily P. Achtenberg, available atwww.liscnet.org/resources/housing_preserv/.14 HUD’s Real Estate Assessment Center (REAC)monitors project conditions and regulatory compliance.15 Flexible Subsidy, no longer active, providedrehabilitation or operating loss loans and grantsin exchange for additional use restrictions.66 Endnotes 65