Which of the following is not one of the six contract renewal options?

The choice of "Mark-up-to-preservation" is not one of the standard contract renewal options typically referenced in multifamily housing contexts. The term "Mark-up-to-preservation" is not commonly recognized within the framework of contract renewal strategies for housing projects.

On the other hand, the other options represent widely recognized concepts in contract renewal within multifamily housing:

• Mark-to-market allows properties to adjust their rents based on current market conditions while maintaining affordability.

• Opt-outs provide a mechanism for owners to exit certain regulated agreements under specified conditions.

• Renewal of projects exempt from or not eligible for debt restructuring highlights the ability to renew contracts for properties that do not align with typical restructuring criteria.

Understanding these established options allows stakeholders to navigate contract renewals effectively and ensure compliance with housing policies.