If you would like to unsubscribe or update your email address, please click on the link at the bottom of the page.
AHACPA Website Upgrade - Possible Service Interruptions

We will be upgrading our website and email servers over the weekend.  We have been told that there may be periods when our website and email is unavailable.  We anticipate minimal interruptions and should be fully operational by Monday morning.

Email from HUD regarding IDs and Passwords

We have been fielding calls from concerned people who received the following email from HUD regarding User IDs and Passwords. Many brokers, receiving these notices are concerned that this is an indicator that they still need to file electronically with HUD. This is NOT the case. This email is sent from REAC to simply a remind users that IF individuals will be accessing any of HUD's online system they should make sure their User ID and Passwords work.

Annual Financial Statement Electronic Filing with HUD

 

By March 31, 2011, over 35,000 HUD Business Partners - in our Multi-Family, Public Housing Authorities and Lender program areas - will submit annual financial statements through HUD's Secure Systems over the Internet.

 

To help facilitate this year's electronic filing, the Office of Public and Indian Housing Real Estate Assessment Center's Technical Assistance Center (TAC) is reaching out to insure that all filers have ACTIVE User IDs and CURRENT Passwords.

 

HUD Secure Systems security protocol mandates that;

 

   >>> Users must change Passwords every 60 days

   >>> User ID's become inactive (requiring reactivation) after 90 days without logging on

 

For many of HUD's electronic filers, this year's annual submission will be the first time since last year that they logged onto and used Secure Systems. 

That means a significant number of filers will need to have their User IDs reactivated by the TAC, or have their passwords reset, before they can submit this year's financial statements. 

 

To allow the best customer service possible, all users with a 12/31 fiscal year end date are encouraged to submit their electronic filings as soon as possible. Passwords can be reset in one of four ways;

 

        a) when prompted,

        b) under 'System Login, Password Reset at http://www.hud.gov/offices/reac/online/reasyst.cfm

                   (copy and paste URL into your Internet browser)

        c) from the side bar menu after logging into Secure Systems, or

        d) contacting the TAC by phone or email.

 

User ID's can only be reactivated by contacting the TAC by phone or email.

 

When contacting the TAC for User ID reactivation, users will be asked to verify Secure System information, which includes:

 

   >>> User ID

   >>> Mother's Maiden Name

   >>> Last 4 Digits of Your Social Security Number

 

For more information regarding the latest updates to PIH-REAC Business Area products and security procedures, go to the following website:

http://www.hud.gov/offices/reac/ (copy and paste URL into your Internet browser)

 

The TAC operates between the hours of 7:00am to 8:30pm EST, Monday thru Friday. Please contact us at (1-888-245-4860) or E-mail us at REAC_TAC@hud.gov.  We are anticipating heavy call volumes during this activation period. The suggested times to contact the TAC for User ID and Password activations are 7:00am to 8:30am and 6:30pm to 8:30pm EST, Monday thru Friday.

 

The latest updates to HUD's IT Security Policy can be found on the following link:

http://www.hud.gov/offices/adm/hudclips/handbooks/admh/2400.25/index.cfm  (copy and paste URL into your Internet browser)

PHA Requirements for Processing Equity Adjustments in the FDS
HUD is completing the reviews of all PHA Net Restricted Assets (NRA). As a result many PHAs will be adjusting equity balances. In many cases these adjustments will simply be adjustments between Administrative Equity and HAP Equity. There may also be changes that affect the total equity balance. As a result, these changes will need to be reflected in the next FDS to be filed by the agency. These numbers will also affect the audited balances. To assist in processing these adjustments, HUD has provided guidance for correcting these balances. This guidance is included here. HUD also requires that the submission include a copy of the signed Concurrence document, a copy of which is included here. We encourage PHA auditors to ensure that these procedures are followed to ensure prompt processing of the submission.
Multifamily Profit-Motivated Audit Planning Template Now Available

During our Multifamily training in 2010 we indicated that AHACPA would be finalizing an audit planning tool to assist in performing the required SAS 117 risk assessment planning procedures.  This tool is now availalbe on our website here:  

 

Submission Deadline Reminder

Electronic submissions of audited financial statements are due to HUD 90 days after the fiscal year end.  Entitites with a fiscal year end of 12/31/2010 are due 03/31/2011.

 

Mortgage Bankers/Lenders must submit their Annual Certification form and fees before starting the current year submission.

Continuing Professional Education 2011 

We have a date for our Annual PHA Conference

 

PHA Conference 2011
June 9-10, 2011

Planet Hollywood, Las Vegas

In the fall we will be offering a one-day Multifamily Update course and a one-day Lender/Banker Update Course.  Our Annual Multifamily Conference will be in early December. 

The specific dates for our Fall Courses will be announced in April.