Multifamily's Waiver Policy

Clarification of Recap's 401.600 waiver policy: The documents below clarify OAHP's 401.600 waiver policy. Significant points are:(1) Owner cooperation is required for any waiver; (2) Waivers will be granted for a minimum of 90 days, maximum 180 days; (3) Owners who do not cooperate while under an above market interim contract will find their rents reduced to market prior to expiration of the interim contract; and (4) Sample 10 Day Notice to Cure Letters are also attached.