Deputy Assistant Secretary Ben Metcalf from HUD recently announced changes to the Multifamily Housing Transformation, an agency plan for modernizing the HUD business model, involving Asset Management.
For now, Asset Management employees will remain in their current locations. Congress directed that Asset Management employees should not consolidate but instead, should continue to serve in all existing Multifamily Housing offices. This modification does not alter HUD’s plan for reorganizing to a five-region structure, consolidating Production and Operations employees. And it does not alter the continued development of workload sharing, and the implementation of the Underwriter Model in Production the Account Executive Model in Asset Management.
Over the next several months, Multifamily will work to implement its modified plan in the Fort Worth/Kansas City region, and will move forward immediately to initiate the Headquarters realignment. In addition, HUD will continue to work with Congress to pursue full approval of its plan, including consolidation of Asset Management, as part of the FY 2015 budget process.
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