ContractHap Assumption Agreement • November 17th, 2020
Starting in June of 2004, the Department no longer consents to the assignment of the Section 8 Housing Assistance Payments (HAP) contract unless there is a provision for requiring both physical condition standards and annual financial statement reporting. This applies to all Section 8 HAP contracts, regardless of whether there is a HUD-insured mortgage. The attached HAP assumption agreement has been amended to include the following provisions:
ContractHap Assumption Agreement • November 23rd, 2021
Starting in June of 2004, the Department no longer consents to the assignment of the Section 8 Housing Assistance Payments (HAP) contract unless there is a provision for requiring both physical condition standards and annual financial statement reporting. This applies to all Section 8 HAP contracts, regardless of whether there is a HUD-insured mortgage. The attached HAP assumption agreement has been amended to include the following provisions:
