# Rent Adjustments in the Mark-to-Market Program
> **US Department of Housing and Urban Development** · Final rule. · Published 2024-02-28 · Effective 2024-03-29 · 89 FR 14588
## Document
- **Document number:** 2024-04081
- **Category:** hud-other
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 89 FR 14588
- **CFR reference:** 24 CFR 401
- **Publication date:** 2024-02-28
- **Effective date:** 2024-03-29
- **Docket:** Docket No. FR-6122-F-02
## Abstract

The Mark-to-Market program preserves affordability and availability of affordable rental multifamily properties with federally insured mortgages, reducing rents to market levels by restructuring existing debt to levels supportable by these rents. This final rule revises the Mark-to-Market program regulations to clarify that annual adjustment of restructured rents under the program will be based on an operating cost adjustment factor determined by HUD and to further clarify when HUD may approve rent adjustments on a budget basis. This final rule will bring greater clarity to the Mark-to-Market program and will align HUD's regulations with recent legislative changes that specifically allow budget-based rent adjustments for the program.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/02/28/2024-04081/rent-adjustments-in-the-mark-to-market-program)
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