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Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA)
Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA)
A legislative act enacted 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. HUD established the Office of Multifamily Housing Assistance Restructuring (OMHAR) to administer the Mark-to-Market program and to implement the requirements of the act. Federal Register 9/11/1998 posted on HUD web site at www.hud.gov:80/omhar/readingrm/24284.pdf
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