HUD’s MultiFamily Transformation Update

On Friday May 2, 2014 HUD hosted a stakeholder conference call regarding its Multifamily for Tomorrow (MFT) Transformation.  Multifamily Deputy Assistant Secretary Ben Metcalf and other HUD staff participated.  Here are highlights from that call:

MFT includes workload sharing, digitizing property records, adopting industry best practices, and reorganizing Multifamily Housing.  The Fort Worth and Kansas City Hubs were the first to begin.

Through workload sharing, some of the work will be distributed to different Hubs and Program Center offices and some to third-party vendors such as Summit Consulting, LLC for production and Alpine Companies, Inc. for asset management.

Production

As of May 5, 2014, all applications for the Fort Worth/Kansas City region (including Albuquerque, Little Rock, Houston, New Orleans, San Antonio, Shreveport, Des Moines, Oklahoma City, Omaha, St. Louis, and Tulsa) must be sent to a single point of processing in the Fort Worth Hub.

Lenders must submit electronic copies (CDs) of the applications to:

Production Division
Office of Multifamily Housing
U.S. Department of Housing and Urban Development
801 Cherry St., Unit #45 Suite 2500
Fort Worth, TX 76102

The applications will be uploaded and assigned to a hub/satellite office or to Summit Consulting, LLC for processing.  Lenders will be notified as to which office is processing the application, and will receive instructions from the Fort Worth Hub on where to forward hard copies of the application.  All concept meetings will be conducted in the current program centers.

Asset Management:

Many transactions in the Fort Worth and Kansas City Hubs (including Albuquerque, Little Rock, Houston, New Orleans, San Antonio, Shreveport, Des Moines, Oklahoma City, Omaha, St. Louis, and Tulsa) will be moved to other locations.  Affected property owners and lenders will be notified and will be directed to the appropriate HUD or Alpine Companies, Inc. representative.  No servicing interruptions are expected.

Information updates will be posted on HUD’s website at HUD.GOV .