APPS and FASSUB Updates

Active Partners Performance System (APPS)
The Active Partners Performance System (APPS) currently has a glitch caused by the December 21, 2013 software release. At this time, the received date cannot be entered, and the 2530s cannot be approved in the system by HUD staff.  HUD is working on a fix.

Financial Assessment Subsystem (FASSUB)
If you are a for-profit and/or limited distribution owner who receives under $500,000 in federal assistance, Notice 2013-23 allows you to submit owner-certified financial statements instead of audited ones. This change applies to project owners with a fiscal year end date of December 31, 2013 and thereafter.  In order to submit your owner-certified financial statement, you will have to wait for Financial Assessment Subsystem (FASSUB) to complete its scheduled update on February 14, 2014.

View Notice 2013-23 PDF.

The Notice can also be found on HUD.gov under Housing Notices (Number: 13-23; Title: Change in Annual Financial Statement (AFS) Submission Requirements for Some Multifamily Housing Project)