On June 14, 2018, the Office of Multifamily Housing Programs issued new answers to a number of recently asked questions on transferring budget authority under Section 8(bb).  This FAQ supersedes the FAQs previously issued on December 19, 2016. The new FAQs addresses questions about 8(bb) transfers in which Owner B requests a 20-year renewal contract of Contract B under Option Two on the basis of a budget. For more information on how the policies impact a particular project, please contact your Account Executive.