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HUD Publishes HUD Preservation Workbook: Successful Stewardship of Multifamily Housing Recapitalization and Companion Piece Recapitalization Excel Tool

HUD's Office of Recapitalization has published two documents that comprehensively lead owners through the process of developing a preservation strategy for their HUD-insured and/or assisted multifamily affordable rental properties.
 

The HUD Preservation Workbook: Successful Stewardship of Multifamily Housing Recapitalization is designed to support the exploration and decision-making that owners will undertake to preserve their properties. Each chapter has exercises and other resources designed to help owners identify issues and opportunities, develop a preservation plan, and do basic financial analyses to determine the viability of potential strategies.

The Workbook is meant to be used in tandem with the Recapitalization Excel Tool. The tool contains numerous spreadsheets into which the owner may enter baseline information about the property, its current Section 8 contracts and financing structure, financial performance, and physical condition.

Used together, these two documents will help the owner answer questions about potential preservation strategies, such as how to finance capital improvements, whether the property needs new financing, and what level of rental assistance might be available to the property.

Click here to read the original press release

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