Notice of Public Meetings Multifamily Housing Mortgage and Housing Assistance Restructuring (Mark-to-Market) Program

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On September 11, 1998 (63 FR 48925), the Department published in the Federal Register an interim rule implementing the Mark-to-Market Program. The Program was enacted by the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA). The purpose of the program is to preserve low-income rental housing affordability while reducing the long-term costs of Federal rental assistance, including project-based assistance, and minimizing the adverse effect on the FHA insurance funds. The authorizing statute provides that before publishing the final rule HUD is to conduct at least three public forums at which organizations representing various groups identified in the statute may express views concerning HUD's proposed disposition of recommendations from those groups. This notice announces the time and places for these public forums.