HUD Housing Consultant
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HUD Multifamily Housing Consultant
HUD propose to publish significant
changes to the HUD Section 8 Renewal Policy Guide Book in 2011. If you
want a copy of the revised Guide, click on the below link to order the
Revised Section 8 Renewal Policy Guide Book.
Check By
Mail
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 communication 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
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;
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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
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