Clarendon has been selected by the Housing Authority of the City of Los Angeles (HACLA) to provide Reviews of HUD Section 8 Rent Comparability Studies (RCS) for a ten-county area of Southern California.
Section 8 laws and procedures require the U. S. Department of Housing and Urban Development (HUD) to obtain and review Rent Comparability Studies (RCS) when renewing most Section 8 contracts. The market rents resulting from these studies determine the rents owners can receive under the program and greatly influence whether an owner will renew and continue providing affordable housing or opt-out of the Section 8 contract and convert to market rent housing. The market rents set in these studies also drive HUD’s outlays for Section 8 project-based subsidy.
For more information on the market rent threshold test, read our article HUD Introduces New 150% Mandatory Market Rent Threshold Test.
Search the HUD FY 2025 Small Area Fair Market Rents (SAFMR) - these numbers will be effective for any Rent Comparability Study (RCS) signed by the owner’s appraiser on or after October 1, 2024.