NAHMA HUD Update: HUD released Five Draft Chapters of HUD Handbook 4350.1
On Oct. 24, 2016, HUD's Office of Multifamily Housing (MF) released five draft chapters of Multifamily Asset Management and Project Servicing – HUD Handbook 4350.1. HUD is currently accepting feedback on these chapters for a one-month period, closing on December 2, 2016.
NAHMA will be compiling members' comments to provide feedback to HUD by the deadline. Please provide comments to me by COB, Tuesday, November 29, 2016.
According to HUD MF, “the Handbook is being revised to incorporate current housing notices and policy updates, mortgagee letters and regulatory and statutory directives. One noticeable difference in the look and style of the Handbook is the reorganized unit and chapter structure, which follows the life cycle of an asset. HUD plans to release individual chapters to the Drafting Table as they become available and eventually publish each as either an individual stand-alone chapter or as units of interrelated material.” HUD plans to release additional chapters next month for review.
The attached Chapters now posted for review on NAHMA website, they include:
- Chapter 2.02- Physical Conditions
- Chapter 2.06- Budget Based Rent Adjustments
- Chapter 4.11- Releases and Satisfactions
- Chapter 5.02- Civil Rights Enforcement
- Chapter 7.02- Section 8 Pass-Through Leases
Larry Keys, Director of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.111 Email email@example.com, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing.