Reissuance Not Necessary for Leases Without OMB Approval Number

December 24, 2008
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On Sept. 18, 2008, HUD clarified its position on the use of the new model lease, after generating a storm of controversy by requiring that all leases contain an Office of Management and Budget (OMB) approval number and expiration date, which is currently 2011.

HUD announced that owners and managers of Section 8 sites may remove the OMB approval number and expiration date from HUD model leases. Consequently, HUD eliminated the problem that had raised an outcry—namely, that substitution of the new model lease would require all residents to sign reissued leases.

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