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OPTION 2: CONTRACT RENEWALS FOR OTHER PROJECTS WITH CURRENT RENTS AT OR BELOW COMPARABLE MARKET RENTS Eligibility: A. The contract rent at a property is at or below the current, comparable market
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Option 2 contract renewals refer to renewing contracts with specified terms and conditions.
Individuals or organizations with existing contracts under option 2 are required to file contract renewals.
Option 2 contract renewals can be filled out by providing updated information and terms of the contract.
The purpose of option 2 contract renewals is to ensure that the terms of the contract are updated and renewed as needed.
Information such as updated terms, conditions, and any changes to the contract must be reported on option 2 contract renewals.
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