RHIIP Listserv #367: Release of Five Chapters of Multifamily Asset Management and Project Servicing – HUD Handbook 4350.1 on the Multifamily Policy Drafting Table

Multifamily Housing is pleased to announce the release of five draft chapters of Multifamily Asset Management and Project Servicing – HUD Handbook 4350.1 on the Multifamily Policy Drafting Table. This long awaited release is an important milestone in a larger effort to bring this major 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. Our plan is 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. We will send subsequent email notifications as more chapters are posted to the Drafting Table for review. Comments may be submitted by completing the corresponding worksheet (available on the Drafting Table) and emailing the file to MFHDraftingTable@hud.gov within the 30-day feedback period. We look forward to your input.

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

More information is at: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/mfh/MFH_policy_drafts/4350-1.