HUD Updates Multifamily Q&A for COVID-19

HUD’s Office of Housing and the Federal Housing Administration (FHA) posted an updated Multifamily Q&A for COVID-19 as of April 2. To find new or revised answers in the PDF, you can search the date 4/2/21. This Q&A includes updated guidance on:

  • Facilitating COVID-19 tests and vaccines;
  • Use of emergency funds;
  • Stimulus payments & income calculations; and
  • The CDC order to temporarily halt residential evictions, including its extension until June 30, 2021.

The Office of Housing has issued a global extension for all financial statements submitted through the FASS-FHA system with a due date from Oct. 1, 2020 to June 30, 2021. Owners with due dates that fall within that range will now have until June 30, 2021 to file their financial statements. This applies to both audited and unaudited year end submissions. For more information, please see the waiver here.