HUD Office of Multifamily Programs Launches Section 8(bb) Preservation Website

The HUD Office of Multifamily Housing Programs launched a Section 8(bb) Preservation website. The website provides a brief explanation and other information related to Section 8(bb), which allows transfers of Section 8 project-based rental assistance (PBRA) budget authority from one multifamily project (Project A) to another (Project B), see Memo 10/20/14, 4/13/15, 2/29/16, and 3/28/16.

The webpage features a list of potential Property Bs, which will be useful to owners who are interested in transferring their PBRA budget authority. The list, updated every two weeks, can be downloaded in Excel and sorted or filtered by state or county. The website also provides instructions for owners of multifamily properties who are interested in receiving Section 8 budget authority via the 8(bb) transfer process on how to request their properties be added to the list.