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>> WELCOME TO THE DEPARTMENT OF HOUSING AND URBANDEVELOPMENT'S PLANNING TRAINING ON HOW TO PREPAREAND REVIEW RENT COMPARABILITY STUDIES.A FEW YEARS AGO, THE DEPARTMENT ASKED A CONTRACTORTO REVIEW THE PROCESSING FOR CREATING AND REVIEWING THESESTUDIES, AND ONE OF THE CONTRACTOR'S RECOMMENDATIONSWAS TO IMPROVE THE DESIGN OF THE INSTRUCTIONS IN THESECTION EIGHT RENEWAL POLICY GUIDE, CHAPTER NINE.AND ALSO, TO PREPARE ADDITIONAL GUIDANCE FOR THOSEREVIEWING RENT COMP STUDIES.THE NEW INSTRUCTIONS WERE PUBLISHED IN NOVEMBER OF2016, AND NOW IT'S TIME TO LOOK AT WHAT THOSEINSTRUCTIONS SAY.>>> IN THESE VIDEO, WE WILL WALK THROUGH THE DEPARTMENT'SGUIDANCE ON PREPARING AND REVIEWING RENT COMPARABILITYSTUDIES AND DETERMINING THE MARKET RENT FOR SECTION EIGHTPROJECTS.>> THIS IS THE FIRST OF FOUR SESSIONS.WE WILL COVER SECTIONS 9-1 THROUGH 9-9 OF THE GUIDE, ANDEACH SESSION WILL LAST NO LONGER THAN 50 MINUTES.AS WE GO THRO

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