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Option 6: Notification of Intention to Opt Out of the Section 8 Contract

SHCC will make every effort to maintain the inventory of Affordable Housing within the States of Texas and Arkansas. Owners selecting Option 6 will be made aware of all available options, including Mark-up-to-Market.

However, if the owner chooses to opt out and has satisfied all the relevant requirements, SHCC will process the request in an expeditious manner.

The following requirements must be met before an owner may opt-out:

Submission Requirements

HUD Guidance

Chapters Eight and Eleven of the Section 8 Renewal Policy have complete guidance regarding Option 6.