HUD Issues Memos on Multifamily Production and Asset Management activities, HCV Funding and Public Housing Operating Fund

The Deputy Assistant Secretary of HUD’s Office of Multifamily Housing Programs issued two memos regarding the resumption of Multifamily production and asset management activities. HUD’s first priority on the production side is to close loans that had complete closing packages submitted prior to Dec. 21 and those that have critical external deadlines.  On the asset management side, HUD’s priority is work related to tenant health and safety, including contract renewals and subsidy payments.

The General Deputy Assistant Secretary for Public and Indian Housing issued a letter that provides information on the status of Housing Choice Voucher (HCV) program funding and the Public Housing Operating Fund under the Continuing Resolution that funds the government through Feb. 15. March and April Housing Assistance Payment renewal funding disbursements and administrative fees will be made on time. HUD will be providing Operating Funds at an 88 percent proration for March, April and May.