Multifamily Housing has released five draft chapters of Multifamily Asset Management and Project Servicing – HUD Handbook 4350.1 on the Multifamily Policy Drafting Table. This release is part of a larger effort to bring the Handbook up-to-date. HUD will accept feedback on these chapters for a one-month period, closing on December 2, 2016.
The Handbook is being revised to incorporate current housing notices and policy updates, mortgagee letters and regulatory and statutory directives. One noticeable difference in the look and style of the Handbook is the reorganized unit and chapter structure, which follows the life cycle of an asset. HUD plans to release individual chapters to the Drafting Table as they become available and eventually publish each as either an individual stand-alone chapter or as units of interrelated material. HUD invites interested parties to review each chapter, complete the corresponding worksheet and email comments to MFHDraftingTable@hud.gov within the 30-day comment period.
Chapters now posted to the Drafting Table include:
- Chapter 2.02- Physical Conditions
- Chapter 2.06- Budget Based Rent Adjustments
- Chapter 4.11- Releases and Satisfactions
- Chapter 5.02- Civil Rights Enforcement
- Chapter 7.02- Section 8 Pass-Through Leases
It’s expected that additional chapters will be posted next month. Questions on the Handbook revision process can be sent to Stacia Johnson (firstname.lastname@example.org).