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HUD Notice 2013-23: Change in Annual Financial Statement (AFS) Submission Requirements

Wednesday, August 21, 2013

Housing Notice H 2013-23, Change in Annual Financial Statement (AFS) Submission Requirements for Some Multifamily Housing Projects, has been published.  This Notice revises the financial reporting requirements for some multifamily housing projects.  Specifically, it relieves the Owner of small multifamily projects of the burden and cost of submitting audited financial statements.  For purposes of this Notice, the term “small multifamily housing project” means a project for which the Owner is under an obligation to submit an audited financial statement but receives less than $500,000 in combined federal financial assistance.  You can find the Notice on HUDCLIPS at the link below:

http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/notices/hsg

Contact your assigned HUD Project Manager if you have any questions.

 

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