| HUD Changes Ahead | |
HUD plans improvements for 2014 and beyond. With a focus on reducing processing time without reducing risk, HUD is moving forward with a long awaited re-write of the 2530 Regulations.
If all goes according to plan, we may see waivers released this summer, as HUD attempts to roll out some changes quickly, followed later by draft regulations posted for comment.
While the industry is eager for some long anticipated lessening of the regulations, please know that HUD also promises to be more stringent in limiting participation in HUD loan programs to borrowers who have caused a mortgage insurance claim.
Murphy Consulting stays on top of HUD updates and changes!.
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Tip of the Month - 2530 for Board Members
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Did you know? LIHTC Pilot Program applications allow for an exception to typical non-profit 2530 requirements - only Board Officers need 2530 clearance.
Additionally, HUD has provided further clarification regarding board members who are employees of a Public Housing Authority (PHA). If their role on the non-profit board is a result of their position as an employee of the PHA, then they are exempt from 2530 clearance.
For all other programs and organizations, the 2530 regulations remain the same - all board members, directors and board officers require 2530 approval.
Contact Murphy Consulting for help with your HUD 2530 & APPS questions.
(410) 821-6953
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| Tip of the Month - FASS Flags for late filing | |
Did you know? There are some glitches in the system causing erroneous AFS Flags being placed on properties. Be sure to check your Flag Report in APPS.
Errors include Flags placed on the new owner for a former owner's missing AFS submission and Flags not being resolved on principals once the filings occur.
Contact the HUD Secure System specialists at Murphy Consulting for help with FASS, REAC and Coordinator & User access issues.
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Secure System, EIV & APPS Services
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Outsourced APPS Coordinator services are available for e2530 submissions in APPS. Call (410) 821-6953 or email for details and pricing. (Fees based on org structure and submissions needed.)
EIV Coordinator or User Access help is available for new Coordinators/Users or existing ones - ID application, EIV access, HUD security requirements and access troubleshooting. (Reasonable fixed fee pricing.)
Owners, Management Agents and Non-Profits may opt for one-on-one training via webinar for their in-house Coordinators or Users or contract for a presentation at their offices
Professional Organizations may arrange for a presentation at their Conference or Annual Meeting.
For Lenders - We offer Outsourced APPS Coordinator services.
Contact Denise Murphy Edwards at (410) 821-6953 to discuss options.
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Denise Murphy Edwards is a nationally renowned speaker, APPS/2530 expert and HUD Secure System Specialist. With a reputation as a lively and informative presenter, she has trained thousands of multifamily housing professionals. She is a frequent presenter for NLHA and Leading Age, AHMA, NAHRO, ELA, SMAC and others.
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Learn from Denise
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If you would like to have Denise Murphy Edwards speak at your next conference or annual meeting, give us a call at (410) 821-6953
Presentations include:
* HUD Secure Systems
* EIV Coordinator
* 2530 & APPS
* HUD Flags
* Management Agent Best Practices
Conferences or Private sessions available for affordable housing developers and managers, including compliance teams, and others.
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Where you can find us!
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Washington, DC
June 18th - 20th
National Leased Housing Association
Panel Speaker: HUD updates
Knoxville, Tennessee
June 26th
2530 & APPS
Indianapolis, Indiana
July 9th
Affordable Housing Association of Indiana
1/2 day Training Class:
EIV Coordinators
Austin, Texas
Sept - tbd
HUD Secure Systems Presentation
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Archives of
APPS & REAC
News and Notes
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Archives of past issues of this e-newsletter, APPS & REAC News and Notes, are available on our web site. Click here. |
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