Dos and Don'ts for Proposing Rent Increases

HUD permits owners to submit requests for rent increases, when substantiated, to provide sufficient and adequate funds to operate their sites. Use the following dos and don'ts if you're considering such a step:

• Prepare a well-thought-out budget forecast to support your request.

• Be mindful of HUD's current thinking about rent increases.

• Don't fail to document thoroughly.

• Don't budget capital expenditures in your operational budget.