Mark to Market (Option 3) Extended as Part of the FY 2012 Budget
December 01, 2011
As part of the FY 2012 appropriation bill passed by Congress and signed by the President last week, the Mark to Market program was reinstated and extended through FY 2015. All authority and requirements to refer above-market Section 8, FHA-insured assets into M2M are fully restored. The language is a straight extension of the authority, without and expansion or changes to the program. Referrals can now resume according to standard protocols.
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