811 PRA FAQ
Q

Can an owner request to opt-out of an active Rental Assistance Contract (RAC) because they no longer want to participate in the 811 PRA program?

Date Published: October 2015

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A

The RAC is a 20-year commitment on the owner’s behalf. Although a Grantee has discretion to terminate a RAC due to the unique circumstances described in the FAQ: Are Grantees allowed to terminate a Rental Assistance Contract (RAC)?, an Owner cannot be approved to opt-out of a RAC in the middle of their 20-year term.


Tags: 811 PRA Program Requirements - Rental Assistance Contract

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FAQ ID:

2633