Budget Based Rent Adjustments for HUD PRAC and Multifamily Properties
Hosted by: LeadingAge Southwest
Event Schedule
May 27, 2026 I 1:30–3:30 p.m. CT
Location
Virtual/Zoom
Event Description
This training provides a comprehensive, practical walkthrough of Budget Based Rent Adjustments (BBRAs) for HUD Multifamily Project Based Section 8 and PRAC properties, focusing on how to develop, justify, and submit a complete and defensible budget package. Participants will gain a clear understanding of regulatory requirements, timing considerations, and documentation expectations, while also exploring how HUD and
Contract Administrators evaluate submissions behind the scenes. The session breaks down the HUD 92547A budget form, explains how operating expenses translate into approved rents, and highlights key differences between PRAC and PBRA programs.
Designed for both new and experienced professionals, this course emphasizes real-world application, common pitfalls, and strategies to ensure submissions are accurate, timely, and aligned with HUD guidance.
Budget Based Rent Adjustments can directly impact a property’s financial health, yet they are often misunderstood or underutilized. This session will give you the clarity and confidence to navigate the BBRA process from start to finish. Whether you are new to BBRAs or looking to refine your process, this training will help ensure your property is financially positioned to operate successfully while remaining fully compliant.
Objectives
- Explain the purpose, timing, and regulatory framework of Budget Based Rent Adjustments for both PRAC and Project Based Section 8 programs.
- Identify all required components of a complete BBRA submission package, including supporting documentation and tenant notification requirements.
- Analyze the HUD 92547A budget worksheet to accurately project operating expenses and justify requested rent increases.
- Differentiate between PRAC and PBRA program requirements, including unique documentation, funding considerations, and compliance expectations.
- Apply HUD methodologies to understand how budgets are translated into approved rent levels and recognize common errors that may delay or reduce approval.
Who Should Attend
This webinar is ideal for professionals involved in the financial, operational, and compliance management of HUD-assisted properties, including:
- Property Managers and Assistant Managers
- Regional Managers
- Asset Managers
- Owners and Owner Representatives
- Management Company Executives
- Compliance Specialists
- Accountants and Financial Staff supporting HUD properties
Speaker
Rhanda Mckown, Director of Affordable Housing | LeadingAge Southeast
Rhanda Mckown has served as the Director of Affordable Housing for LeadingAge Southeast since January of 2022. Her primary focus in this role is developing a robust housing education agenda, providing assistance and insight to members on housing issues, and contributing directly to the development and achievement of a housing advocacy agenda.
Rhanda previously served as the Local Contract Specialist for the North Tampa Housing Development Corporation. She has nearly 20 years of experience in various aspects of the housing industry and spent the last 15 years conducting Management and Occupancy Reviews (MOR) under the PBCA contract in Florida.
Rhanda’s prior housing industry experience includes serving as Director of the Affordable Housing Study Commission and previously working at LeadingAge Florida where she began her housing career.
Rhanda graduated with a Bachelor of Science from Florida State University and lives in Ocala with her daughter.
Registration & Other Information
LeadingAge Iowa Member $75
Promo Code for member rate: Save$
Click here to register now directly with LeadingAge Southwest for this event.
Cancellations/Refunds/Substitutions
There is a $50 administrative fee for each cancellation or refund. Substitutions will be accepted at no additional fee. Due to costs incurred related to the program, no refunds will be issued after May 20, 2026. All cancellations and substitution requests must be submitted in writing to [email protected].
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