HUD recently released Notice H 2013-12 to update and replace Notice 2009-10, which defined the Department’s initial procedures for processing certain Section 202 Supportive Housing for the Elderly projects and Section 811 Supportive Housing for Persons with Disabilities under a delegated processing system. The delegated processing procedures enhance the Department’s ability to provide timely, high quality underwriting while streamlining the compliance process for sponsors/owners undertaking mixed-finance transactions. The Notice covers approval of Delegated Processing Agencies (DPAs), DPA underwriting responsibilities, timeframe for issuing firm commitments, construction administrator duties, and an explanation of reasonable fees.
Click here to read Notice 2013-12.
