NAHMA HUD Update: Disaster Preparedness Plans
March is National Asset Management Awareness Month.
March is National Asset Management Awareness Month. And spring is conference season for many of you. We wanted to take this opportunity to remind you and your members of the importance of having disaster preparedness plans in place as a good asset management practice. HUD Handbook 4350.1, Chapter 38, contains useful information about disaster preparedness and maintaining an up to date disaster plan. As you know, hurricanes are not the only disaster that may impact your property or region of the country.
The earthquakes affecting Puerto Rico have had a substantial impact to the island as well as to many HUD properties. Several owners of impacted properties have reported to HUD that they have vacant units as a result of these recent earthquakes. In some cases, entire properties are uninhabitable. Be advised that owners of properties with HUD project-based assistance contracts with vacant units should not voucher for those units until they are reoccupied. Where HUD has been made aware of vacant units or properties, assistance vouchers will not be approved for payment until the property has been determined to be safe for occupancy and reoccupied.
We ask owners to continue to keep HUD apprised of property conditions and vacancies. Inspection teams visited properties in Puerto Rico in February and will continue in March. The teams will work with owners on scheduling these inspections.
-HUD Office of Multifamily Housing
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.