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Welcome 

HUD Multifamily Housing Consultant

Attention Project Owners:

If you are looking to SALE your property, from time to time I receive inquiries from potential Buyers that are interested in purchasing HUD Properties. Contact me and I may be able to arrange communicate between Seller and Buyer.

Browse my web site and review the Services and Products offered to clients. Services include preparing proposals, researching HUD directives, regulations for multifamily subsidized programs and more... If you do not have resources to satisfy your needs, contact me I may have a solution.

My Services and Products will help to bridge the gap between HUD Field Offices/Contract Administrators and Project Owners/Management Agents.

HUD Mailing List

HUD mailing list is an easy way to stay informed about current HUD Policies and Procedures. Go to the below LINK to access the HUD Website to ask questions and share ideas.

Property owners, management companies, sponsors, and developers can also subscribe to be put on a Mailing List to be informed about recent HUD Policies and Procedures on specific issues. Go to the below Link to subscribe for your State and Topic of Interest.

Link to HUD Mailing List

Link to Nixon Peabody, Affordable Housing Law Alerts

Section  Contract Renewal Policy Guide

The Department of Housing & Urban Development (HUD) proposed major changes to Guide. The draft changes have been posted on the HUD Website for public comments at

 http://www.hud.gov/offices/hsg/mfh/mfhsec8.cfm#s8rpg

 

ASSIGNMENT, ASSUMPTION AND AMENDMENT AGREEMENT SECTION 8 HOUSING ASSISTANCE PAYMENTS CONTRACT (UNINSURED PROJECT)

An Assignment or Assumption of Housing Assistance Payments (HAP) Contract is required when the property being sold is subject to a HAP contract, with or without mortgage insurance. The HAP rents are set by a variety of factors, so it's important to understand how the rents may change from year to year before purchasing a property.

Starting in June of 2004, the Department will no longer consent to the assignment of the Section 8 Housing Assistance Payments (HAP) contract unless there is a provision for requiring both physical condition standards and annual financial statement reporting. This applies to all Section 8 HAP contracts, regardless of whether there is a HUD-insured mortgage.

Transfer of Physical Assets (Full TPA)
Change in Property Ownership

A full Transfer of Physical Assets (TPA) is a property sales transaction involving the assumption of a HUD-insured loan. Transactions which do not involve a complete change in ownership may be eligible for a Modified TPA. Transactions involving Section 8, HAP Contracts and/or Preservation or other use agreements may have additional considerations (Click here for additional information).  

If you need assistance in preparing a proposal, contact me at 301-277-3465, 301-779-6716 (fax), or by email alvinl.sutherlin@verizon.net.

On-site Management & Occupancy Reviews

Contract Administrators are conducting On-site Management & Occupancy Reviews annually.  As you know, most of you have not seen a visit from your HUD Project Manager in years, all that has changed.  U.S. Department of Housing and Urban Development (HUD) has contracted with Contract Administrators (CA) to administer Section 8 Contracts. CA are required to fulfill their contract obligations with HUD, to annually conduct On-site Management & Occupancy Reviews on Section 8 assisted properties.

If you need assistance in preparing for or responding to an On-site Management & Occupancy Review, contact me.  I have draft copies of documents that may be cited as lacking in Reviews. Example of some of the documents, such as;

  • Drug-Free Housing Policy

  • Maintenance & Occupancy Procedural Manuals

  • Tenant Selection Plan

  • Verification Forms, and more

 


 

Electronic Previous Participation Certification, form HUD-2530

HUD requires all principals in owning entities for HUD multifamily mortgage and project based subsidy programs to submit electronic Previous Participation Certificate (for HUD-2530) via HUD's secure web server as condition prerequisite to new or revised participation.

If you need assistance in filing your form HUD-2530 online to HUD, contact me at 301-277-3465, or by fax at 301-779-6716, or by email at

alvinl.sutherlin@verizon.net